(1,4570) GBP/CHF confirmed another strong closing last night after a 1,4640 overshooting!! Still possible further strength toward the 200 days line now found at 1,4793!! The slope of the move up is however very steep and not really too much sustainable. The indicators of the daily chart are still well positive but now also overbought and however showing potential negative reversals. The indicators of the s/t ones have instead turned mixed suggesting some consolidation. The move up failed yet to form clear bearish divergences suggesting the move up could just be an overshooting!! The present decline should find support at 1,4540 from where we could see another test on the upside. We stay on the sideline but still hoping to see higher levels to go short big time!!
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