(1,4430) GBP/CHF confirmed yesterday another session of consolidation after the weak closing at the end of last month that caused the formation of a negative month reversal. We have now 1,4550 – 1,4400 the levels to follow in the coming hours. A break of the support will cause further weakness suggesting a 1,43 undershooting!! The indicators of the daily chart are still well positive while showing potential negative reversals; those of the monthly chart closed above the line. The indicators of the s/t charts have a mixed picture this morning. Bullish divergences in the hourly chart confirm a negative tone supporting lower levels!! Only an hourly closing above 1,4490 will postpone weakness favouring another rally toward 1,46, move that we want to sell!! Overall we favour another test on the upside!!
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