(1,4595) The GBP/CHF failed to confirm a correction directly extending its move up above a s/t resistance line, now support at 1,4555. While above this line we expect further strength toward 1,4820! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Bearish divergences still support a positive tone. In the s/t only a return below 1,4540 confirmed by an hourly closing will support a deeper correction with the 200 hours line at 1,4410 the attraction. We’re still waiting for a decent correction to buy for a move up toward 1,48!!
Read the full report: GBPCHF 09.04
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