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18.11.2011 03:56 PM
GBP/CHF Ichimoku technical analysis for November 18, 2011

H4

GBP/CHF trading goes in a sideways direction above the upper limit of the 4-hour Ichimoku Cloud.
Despite hard attempts of the sellers, the price could not break down the support formed by the Kijun-sen and the Senkou Span A.
Today we should probably expect further rebound of the price from the Rotation line as the main and the short-term trends are still positive.

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H1

In 1-hour timeframe bulls are in advance. Here the Ichimoku Cloud has a positive character supported by the rising Senkou Span A.
Obviously, after possible testing of the Kumo upper limit the growth might be continued.
However, if the Kijun-sen can hold the price at these levels the recovery might begin right after a rebound from the Kijun-sen.

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