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The GBP/CHF pair is moving in a market maker sell model pattern. It is trying to reach the previous bullish fair value gap at 1.1967-1.1999. If this scenario comes true, the GBP/CHF pair may reach the next target at 1.1850. As long as GBP/CHF does not retrace, it is likely to grow to 1.2334.
Overall the bias from GBP/CHF is Bearish.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com