(1,4605) GBP/CHF confirmed on Friday a session of consolidation forming a new inside day with 1,4660 – 1,4440 the levels to follow in the coming hours. A break of the resistance confirmed by an hourly closing will support further strength with the 200 days line at 1,4785 the attraction. This possible extension if seen is a selling opportunity!! The indicators of the daily chart are still well positive but still overbought( light) and however showing potential negative reversals; those of the weekly one closed also above the line. The indicators of the s/t charts are mixed suggesting some consolidation. The move up above 1,46 failed yet to produce divergences and this is not so good for the rally!! While above 1,4550 we expect further strength and a possible 1,47 overshooting, move that we are going to sell!!
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