(1,4605) The GBP/CHF confirmed a weak closing well below the support of the inside day at 1,4690 favouring already a nice correction even below 1,46 as we expected. Further weakness is possible toward the 200 days line at 1,4468!! The indicators of the daily chart are still positive but now just at the line; another weak closing tonight will turn them negative. The indicators of the s/t charts are instead all well negative suggesting further downside risk. In the hourly chart we have however oversold conditions and potential positive reversals that could start limiting the downside. We missed yesterday to sell; we wait for a possible extension of the decline to buy!
Read the full report: GBPCHF 09.20
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