(1,4595) The GBP/CHF confirmed a positive closing forming even a positive outside day with now 1,4665 – 1,4530 the levels to follow in the coming hours. Only a daily closing above 1,4665 will postpone further weakness! The indicators of the daily chart closed above the line turning however below of it this morning while those of the s/t ones are showing a mixed picture suggesting further consolidation. In the hourly chart we have however a negative reversal situation suggesting a possible s/t target at 1,4502!! Only an hourly closing above 1,4655 will postpone further weakness. We wait for higher levels to sell, but only close to the 200 hours line!!
Read the full report: GBPCHF 09.24
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