(1,4420) The GBP/CHF formed a positive closing remaining however below the 200 days channel. While below 1,4504 on a daily closing we could well see another test lower! The indicators of the daily chart are however still well positive but those of the s/t ones are mixed supporting further consolidation. In the hourly chart we have however a potential negative reversal situation suggesting another test on the downside, move that could favour a test of the 1,43 level. We sold as suggested the 1,4420 overshooting. We put a stop at 1,4485 while looking for a 1,4320 undershooting!!
Read the full report: GBPCHF 08.22
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