(1,4420) The GBP/CHF confirmed a 1,44 overshooting where it did however not stop testing already the 1,4460 area. While above 1,44 we could well see further strength suggesting even a 1,45 overshooting!! The indicators of the daily chart are again well positive while those of the s/t ones are turning mixed suggesting some consolidation/ correction. The move up already formed bearish divergences. The decline we’re seeing could therefore just be corrective. We sold the 1,44 overshooting as suggested position that we want to take back already in case of a 1,4380 undershooting!!
Read the full report: GBPCHF 08.30
Future Trend