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20.07.2012 10:18 AM
GbpChf Hits 1.5400. Flat for Now.

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Technical Outlook and Chart Setups:
The structure above did not change much. The single currency has reached its measured second target above 1.54 yesterday. It is now recommended to stay aside for a while before taking a call. Usually when Fibonacci is met upside target, it is a natural resistance and the prices begin to retrace. We shall watch the currency pair on small timeframes now for signs of reversal.
Trading Recommendations:
Profit booked at 1.5400. Flat for now.

Good Luck!

Summary
Urgency
Analytic
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