(1,4610) GBP/CHF confirmed a negative closing last night extending already the correction toward the support line at 1,4580. A break below this line will cause further weakness suggesting a return toward the 1,4450 support area. The indicators of the daily chart are still well positive but those of the s/t ones turned below the line supporting further consolidation/ correction. We expect good support at 1,4580 where we find this morning also the 200 hours line; the holding of this line will favour a retest of the previous top with even a possible overshooting toward 1,48!! We stay on the sideline.
Click here to read the full report: GBPCHF 05.14
Future Trend