(1,4500) GBP/CHF confirmed a weak closing below the low of the previous session confirming therefore the negative day reversal. Overall the cross is still interior the positive outside day with 1,4580 – 1,4395 still the levels to follow. A daily closing below 1,4395 will cause further weakness suggesting a drop toward 1,42!! The indicators of the daily chart are still well negative while those of the s/t ones are however still showing a mixed picture suggesting further consolidation. While below the 200 hours line at 1,4520 the s/t scenery will remain negative suggesting a drop below 1,44. We stay on the sideline waiting for higher levels to sell.
Read the full report: GBPCHF 06.12
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