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GBPCHF News

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Last Updated Date: 29 March 2022 @ 7:16 AM (UTC)
*Please note that all the dates are in GMT time zone

The trend is down, driving selloffs into previous long term support levels at 1.2160. Trade is positioned to extend selloffs, but be alert for support off 1.2109 to continue rebounding trade into the next few days. Closes over 1.2251 and 1.2273 are needed to alert for a reversing turnaround. A close under 1.2160 will help confirm follow through selloffs.
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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.