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GBP/CHF recovers but unable to hold above 1.5200

FXStreet (Córdoba) - The pound is rising on Wednesday against the Swiss franc for the first time after losing ground in the previous two trading days, when it pulled back from 1-week highs.

GBP/CHF jumped during the European session to 1.5228, reaching the highest price in two weeks but then reversed and trimmed gains on American hours. The retreated from the hgihs found support around 1.5145 and currently trades at 1.5170, 30 pips above the price it closed yesterday.

For the second time since the beginning of the week the pair is having difficulties holding above 1.5200. If it is able con consolidate above it could gain momentum. Resistance levels above lie at 1.5230 (Nov 12 low) and 1.5280.

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