(1,4506) The GBP/CHF formed a negative day reversal on Friday that the move up this morning above last week’s top already aborted suggesting further upside potential toward 1,4570. The weekly and monthly closings were positive. The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also positive with bearish divergences in the hourly chart supporting a positive tone. Further strength is therefore possible. We got stopped out at 1,4477 and prefer remaining on the sideline for now!
Read the full report: GBPCHF 09.02
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