GBPCHF: If the SNB will stop price manipulation

GBPCHF: If the SNB will stop price manipulation

Over the past year, we have seen that the SNB manipulated the strength of the CHF to maintain a lower inflation rate.

Yesterday we saw another quick sell-off across all CHF-related currency pairs.
Maybe it was the SNB again because the move was bizarre.

However, given that GBP recovered quickly this time, I think we could see GBPCHF rise further over the coming weeks and possibly test one of the strongest resistance areas
close to 1.1520

You should know that all CHF-related currency pairs are very risky due to the actions of the SNB.

You may find more details on the chart.
Thank you and Good Luck!

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