Ok then. Lets get back to the trading now. First, lets pick up on the pair which is quite interesting usually and is at a crucial position right now. Attached is a daily chart of GBPCHF and as you can see, it has strong support at 1.6600. It is at 1.67 currently and looking at things, i believe that the support should hold for now.
If the support does manage to break, it should go to atleast 1.63 and then on to 1.61. But i really do anticipate a bounce from this price and this bounce should take it to atleast 1.6850.
With lot of news coming in, it should be an interesting week !!
I have been really careful on swissy pairs waiting for CHF intervention on selling CHF, furthermore on comments by swiss pres that would like a deal on UBS illegal share dealing with Obama in return for info on tax haven accounts, should be CHF negative USD/CHF near critical support and looking still bearish ...however !
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