(1,4531) GBP/CHF confirmed a weak closing below the low of the negative outside day suggesting we have a s/t top, even if it failed to confirm a closing below the support of the outside formation!! The indicators of the daily chart are however still well positive but those of the s/t ones are all below the line this morning suggesting further consolidation/ correction. While below 1,4570 on an hourly closing we expect this cross to move below 1,45; an hourly closing below 1,4510 will support lower levels. The s/t scenery is well mixed at the moment suggesting some attention. On top of that the BOE will probably make some comments later this morning. So we prefer remaining on the sideline. Overall we have however a potential double top formation above 1,46 but only a break below 1,4410 will confirm it !!
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