Hello, The pair GBP/CHF changes its set up. What a tremendous correction in pair!!! After the big pullback on Tuesday, pair has started further decline from 2.3396 to 2.3046 on Wednesday. Yesterday was another big decline from 2.3118 to 2.2897, to close @ 2.2953. Today Asian opening was in range 2.2960 to 2.2894. 4 hours chart is in extremely oversold. Further down leg will be to 2.2650. For the consolidation wait and be patience. Today announcement of Adjusted Retail Sales (y/y) in CHF maybe "help" for further losses in pair. Have a good trading
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November 16, 2007
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