(1,4738) The GBP/CHF is still well bid extending further its move up suggesting a possible direct extension toward the 1,4820 resistance! A possible break above 1,4820 will be very bullish confirming a double bottom! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Further bearish divergences still support the positive tone. In the s/t only a return below 1,4690, the s/t support line, will support a correction toward 1,4590 while the 200 hours line is found still only at 1,4480. We’re still waiting for a decent correction to buy but we are also going to sell a direct 1,4790 overshooting putting a stop above 1,4820!!
Read the full report: GBPCHF 09.06
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