(1,4554) GBP/CHF confirmed a test of our s/t target at 1,4470 with even a small undershooting before forming a positive day reversal on Friday. The weekly closing was negative while the monthly one was positive suggesting a mixed picture in the m/t. The indicators of the daily chart are still well negative but those of the monthly and weekly charts are still above the line suggesting further upside potential. the indicators of the s/t charts are also above the line this morning supporting some upside potential. while below the 200 hours line at 1,4596 we expect however lower levels. Only an hourly closing above 1,4600 will postpone further weakness. We missed to close our shorts; we move however the stop to 1,4605 while waiting for a possible 1,4450 undershooting!!
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