Fakey Setup GBPCHF Potential +80pips trade 20th Dec 2012

gbpchf

The GBPCHF formed a fakey setup with a doji on a horizontal support level. This could see the pair push up to the dynamic resistance level of 1.4908 where we watch out for a possible price action setup to sell.  IF  price happens to break and close above the dynamic resistance level, we could see it sour up to the key resistance level as illustrated above.

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