Paun British / Franc Swiss
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GBPCHF in consolidation before falling

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The currency pair is approaching the range resistance. Today is the news from FOMC, a false breakout and a fall is possible, as the dollar is expected to rise, which in turn may negatively affect the pair

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Scenario: There is a possibility that the resistance may hold if the Fed becomes more hawkish, which could strengthen the dollar. Against this background, the currency pairs will lose their strength

A false break of the range resistance or 1.1707 could trigger a reversal and fall to the base of the range
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