(1,4285) The GBP/CHF formed a positive outside day yesterday after a 1,4120 undershooting that gave us the opportunity to go long. The indicators of the daily chart have now returned above the line supporting higher levels. Those of the s/t ones are also positive supporting higher levels. Bearish divergences in the hourly chart support a positive tone. The rally above 1,43 confirmed a positive reversal suggesting a s/t target at 1,4360. We stay long for this possible move up putting a stop at 1,4195!
Read the full report: GBPCHF 08.08
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