Buy GBPCHF Wedge Breakout

Factors Potentially Supporting GBP/CHF:

Hawkish BoE Expectations: Markets are anticipating a more hawkish tone from the Bank of England (BoE) in its upcoming meeting on February 2nd, 2024. This could offer some support to the GBP against the CHF.

Technical Bounce: Like AUD/JPY, GBP/CHF may be due for a short-term correction after its recent decline. This could lead to a temporary upside movement in the pair.

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