GBP/CHF Technical Analysis

(1,4690) GBP/CHF confirmed a strong closing suggesting further upside potential toward the 200 days line, now found at 1,4750. This move up is an extension of the correction in the daily chart and therefore a m/t selling opportunity!! The indicators of the daily chart are still well positive and started entering the overbought area. Those of the s/t ones are also well positive but overbought. The move above 1,4560 confirmed a positive reversal suggesting a s/t target at 1,4735!! We stay on the sideline waiting for higher levels to go short!!

Click here to read the full report: GBPCHF 05.10

 

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