(1,4670) The GBP/CHF is still well bid extending its move up well above the 1,46 level. Further direct strength is possible toward 1,4820! A possible break above 1,4820 will be very bullish confirming a double bottom! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Fresh bearish divergences still support a positive tone. In the s/t only a return below 1,4610 confirmed by an hourly closing will support a deeper correction with the 200 hours line at 1,4441 the attraction. We’re still waiting for a decent correction to buy for a move up toward 1,48!!
Read the full report: GBPCHF 09.05
Future Trend