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GBPCHF News

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Last Updated Date: 13 May 2022 @ 11:51 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 1.2117 - 1.2071. Trade is positioned to extend selloffs, but be alert for support off 1.2117 to continue rebounding trade into the next few days. Close over 1.2277 is needed to alert for a reversing turnaround. 
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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.