$GBPCHF 1 Hour Elliott Wave Analysis

Preferred view is that mid-term peak has formed at 1.5123, wave A completed @ 1.4464 and wave B  in progress toward 1.4700 – 1.4750 area from where the decline should resume. We don’t like buying the pair in proposed push higher as the move up from the low is so far in 3 waves.

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