(1,4350) The GBP/CHF is confirming a nice corrective move up after the test yesterday of the 1,42 area where it found strong support. The move up formed a positive day reversal but only a daily closing tonight above 1,4340 will confirm a s/t bottom. The indicators of the daily chart are already returning above the line this morning and also those of the s/t ones are positive supporting further strength. The move up is however corrective and a new selling opportunity but not before the 200 hours line, now found at 1,4381!! We closed the short at 1,4230 as suggested. We sell a 1,44 overshooting!
Read the full report: GBPCHF 08.29
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