(1,4730) The GBP/CHF failed yet to extend much higher its move up. However, while above 1,4680 the cross will remain well bid! The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing below 1,4680 will postpone further strength supporting a correction that should favour a return of this cross below 1,46. We stay on the sideline but still would like to sell it but prefer waiting for stronger signals.
Read the full report: GBPCHF 09.13
Future Trend