(1,4448) The GBP/CHF confirmed a negative closing while however remaining interior Friday’s range forming a new inside day with 1,4525 – 1,4410 the levels to follow in the coming hours. While above 1,4420 we expect however further strength but only a daily closing above the 200 days line at 1,4510, yesterday good resistance will confirm higher levels. The indicators of the daily chart are still well positive but those of the s/t ones turned below the line suggesting further consolidation/ correction. Only an hourly closing above 1,4520 will resume the move up suggesting a s/t target at 1,4662! We keep staying long with the stop still at 1,4410!!
Read the full report: GBPCHF 08.20
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