(1,4255) The GBP/CHF confirmed a weak closing last night and it is still looking offered suggesting a possible direct 1,42 undershooting. The indicators of the daily chart are now negative as well as those of the s/t ones supporting further weakness. Fresh bullish divergences confirm a negative tone. We expect the cross to extend the decline. We close the shorts in case of a 1,4230 undershooting. We moved the stop to 1,4325!
Read the full report: GBPCHF 08.28
Future Trend