(1,4720) The GBP/CHF confirmed again a strong closing but it failed yet to confirm a new high; therefore we still favour a correction below 1,4620! The indicators of the daily chart are still well positive but those of the s/t ones are showing a mixed picture suggesting some consolidation/ correction. Only an hourly closing below 1,4620 will however confirm a deeper correction; while above the risk is a direct extension of the move up toward a potential target at 1,5052!! We keep staying short with the stop still at 1,4755
Read the full report: GBPCHF 09.11
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