(1,4710) GBP/CHF confirmed even a 1,4770 overshooting on Friday before confirming a strong closing, however still below the 200 days line at 1,4748. While above 1,47 on a daily closing we could still see a further overshooting toward 1,4850!! The indicators of the daily chart are still well positive but overbought while showing potential negative reversals. Those of the weekly one are also positive. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 1,4650 will however support lower levels with the 200 hours line at 1,4557 the possible attraction. We stay on the sideline waiting for higher levels to go short above 1,48!!
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