GBPCHF - BULLISH BIAS
GBP - Bullish
1️⃣ In June, the UK inflation rate rose to 2.5% from 2.1% in the previous month, and exceeded market expectations of 2.2%.
2️⃣ UK Prime Minister Boris Johnson announced plans to end the COVID-19 restrictions in the UK effective 19 July.
3️⃣UK employment data for May is expected to be positive on the back of strong employment growth in the manufacturing and services sectors.
CHF - Bearish
The sharp decline in the EUR affected the CHF.
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TECHNICAL
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- Intraday setup on H1 chart.
- We're buying this pair on breakout resistance area.
- Confirmation with bullish heikin ashi.
- Above SMA50.
TRADE AT YOUR OWN RISK!!
1️⃣ In June, the UK inflation rate rose to 2.5% from 2.1% in the previous month, and exceeded market expectations of 2.2%.
2️⃣ UK Prime Minister Boris Johnson announced plans to end the COVID-19 restrictions in the UK effective 19 July.
3️⃣UK employment data for May is expected to be positive on the back of strong employment growth in the manufacturing and services sectors.
CHF - Bearish
The sharp decline in the EUR affected the CHF.
=====
TECHNICAL
=====
- Intraday setup on H1 chart.
- We're buying this pair on breakout resistance area.
- Confirmation with bullish heikin ashi.
- Above SMA50.
TRADE AT YOUR OWN RISK!!
Trade active
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.