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GBPCHF News

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Last Updated Date: 21 January 2022 @ 2:13 PM (UTC)
*Please note that all the dates are in GMT time zone

The GBPCHF market has triggered a short term bear downturn, dropping to the 1.2372 support and holds a chance for selloffs to test against 1.2280. A reluctance to extend under 1.2372 will likely prompt near term rebounds, but trade will likely struggle to climb back over 1.2501. A close over 1.2501 is needed to reverse the short term trend back up.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.