(1,4530) GBP/CHF formed a negative day reversal reversing part of Friday’s positive outside day. Nevertheless for now we do still follow the levels 1,4580 – 1,4395. Only a daily closing above 1,4580 will support another test on the upside. The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation. While below the 200 4hours line at 1,4591 the s/t scenery will remain rather negative suggesting a retest of the 1,44 area. We stay on the sideline for now.
Read the full report: GBPCHF 06.11
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