GBP/CHF Technical Analysis for June 8, 2011

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By ForexMansion.com

 

The GBP/CHF rose on Tuesday trading, and bounced all the way back to 1.38 or so. The market sold off in the late hours a bit, showing how quick the bulls will more than likely give up when they hit serious resistance. Because of this – we are simply waiting for a nice rally to sell, perhaps at 1.38 or 1.40 round number levels.

Originally posted here

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