(1,4700) The GBP/CHF is as well confirming further consolidation interior the inside day with 1,4825 – 1,4690 still the levels to follow in the coming hours. A break of the support will favour further weakness suggesting a return toward the 200 days line, still found at 1,4470! The indicators of the daily chart are still well positive but those of the s/t ones are below the line this morning supporting a possible correction. We had already an hourly closing below 1,4705 suggesting a downside potential, also because at the present level the cross is below the 200 hours line, now resistance at 1,4718!!The decline is also confirming a S_H_S formation in the hourly chart supporting lower levels!! We sell a 1,4725 overshooting.
Read the full report: GBPCHF 09.19
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