(1,4500) GBP/CHF confirmed a positive closing while however still confirming further consolidation interior the inside day with 1,4680 – 1,4445 still the levels to follow in the coming hours. A break below the support will cause a 1,44 undershooting!! The indicators of the daily chart are still well negative and also still showing a S_H_S formation with however down sloping neck line, less powerful. The indicators of the s/t charts are also negative at the moment suggesting some downside risk. In fact bullish divergences confirm a negative tone. Only a move above 1,4585 confirmed by an hourly closing will postpone further weakness. We wait for a selling opportunity.
Read the full report: GBPCHF 06.06
Future Trend