(1,4765) The GBP/CHF confirmed a positive closing on Friday after a test above 1,48 failing however to break above May’s high at 1,4820; only a daily closing above this level will support further strength and a possible 1,50 overshooting! 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 supporting higher levels. Fresh bearish divergences confirm again a positive tone. Only an hourly closing below 1,4715 will postpone further strength supporting a correction that should favour a return of this cross below 1,46. We stay on the sideline!
Read the full report: GBPCHF 09.16
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