The GBP/CHF is showing a bullish hammer at extreme lows. This will often signal a potential bounce. HOWEVER - WE ARE NOT RECOMMENDING BUYING THIS PAIR. Rather, the professional trader is simply waiting for another opportunity to sell at a higher price. The GBP/JPY pair looks very bullish as it has printed a bullish hammer at support. The 130 and 131 area is very supportive to this pair, and the central banks are waiting below. Because of this, we are constructive.
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