(1,4520) GBP/CHF confirmed yesterday further consolidation interior the inside day with 1,4660 – 1,4440 still the levels to follow in the coming hours. A break of the resistance confirmed by an hourly closing will support a further extension of the corrective move up suggesting a test of the 200 days line, now at 1,4784. A monthly closing at the present level will be strong!! The indicators of the daily chart are still well positive but still overbought( light) while showing potential negative reversals; those of the monthly chart are also above the line!! The indicators of the s/t charts are in negative territory this morning showing potential positive reversals. The holding of the 1,45 level will support another test on the upside; the only problem we have is that the move up failed to form clear and nice divergences suggesting it already could have been an overshooting. We prefer therefore waiting to see how this cross will unfold in the coming hours. Overall we favour another test on the upside!!
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