(1,4741) GBP/CHF is still well bid after the formation of a positive day reversal yesterday that could still favour a retest of the 1,48 area with even an overshooting toward 1,50. This move up is still corrective and we will sell a 1,4910 overshooting opening a m/t position!! The indicators of the daily chart are still well positive but now overbought while showing potential negative reversals. The indicators of the s/t charts are instead mixed suggesting further consolidation/ correction. While above 1,4665 we expect further strength toward our s/t target at 1,4839!! We stay on the sideline
Click here to read the full report: GBPCHF 05.17
Future Trend
