(1,4260) GBP/CHF failed to extend the corrective move up on Friday forming instead a negative outside day with 1,4350 – 1,4205 the levels to follow in the coming hours. A daily closing below 1,4205 will support further weakness!! The indicators of the daily chart closed below the line on Friday and also those of the weekly one are below the line supporting further weakness. The indicators of the s/t charts are mixed. The drop below 1,4225 on Friday failed to form further divergences confirming instead a new low also in the indicators. We are missing strong signals but we favour a little higher levels; an hourly closing above 1,4285 will support higher levels!! We stay on the sideline waiting for stronger signals.
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Future Trend Research