(1,4165) GBP/CHF confirmed a weak closing last night causing an extension of the decline suggesting a possible retest of the 1,4030 area. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. In the s/t chart we however still potential positive reversals that should limit the downside but the signals are not anymore so strong and in the same time bullish divergences in the hourly chart support a negative tone. Only an hourly closing above 1,4185 will postpone the decline favouring a rebound suggesting a retest of the 1,4210 area, now good resistance!! We stay on the sideline waiting for stronger signals.
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