(1,4525) The GBP/CHF confirmed a very weak closing well below the low of the previous few sessions supporting further weakness toward the 200 days line now found at 1,4459 if not directly a little lower toward the support line at 1,4425! The indicators of the daily chart are now well negative as well as those of the s/t ones supporting further weakness. We expect good resistance already at 1,4550 and while below this level on an hourly closing we expect an extension of the decline toward 1,4460. We sold the break below 1,4600 as suggested. We keep the position for a 1,4460 undershooting putting a stop at 1,4625. In case of an hourly closing below 1,45 we move the stop to 1,4555!!
Read the full report: GBPCHF 10.04
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