GBP/CHF Technical Analysis

(1,4520) GBP/CHF confirmed last night a positive closing despite the drop to 1,4610. However, this morning the cross resumed the decline suggesting a possible drop toward 1,4470 at least. The indicators of the daily chart are turning below the line and of course also those of the s/t ones supporting further weakness. In the hourly chart we have already oversold conditions but we suggest to wait for levels close to the 1,44 level before trying a long position!!

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