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GBP/CHF hits pre-SNB high

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It may have taken just over 11 months, but this morning saw the GBP/CHF momentarily move above the level it was trading at on that day in January of this year when the Swiss National Bank (SNB) unexpectedly removed the 1.20 floor in EUR/CHF, causing the Swiss franc to surge higher across the board. The USD/CHF is also trading near its own corresponding level, while the EUR/CHF remains miles below 1.20, but it too has rallied about 100 pips over the past couple of days. So, you get the picture:

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