(1,4380) The GBP/CHF confirmed a weak closing well below the support of the inside day as well as the lows of the past few sessions. The indicators of the daily chart are however still well positive but those of the s/t ones plunged below the line. In the hourly chart they went oversold forming even bullish divergences suggesting a possible change of the s/t tone. Possible therefore further weakness toward the support line at 1,4270. Possible rebounds should now find resistance at the 200 hours line at 1,4417. We got stopped out: we sell now a possible 1,4420 overshooting for a move below 1,43!!
Read the full report: GBPCHF 08.21
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