Two of yesterday's upside targets were met as the rally from Tuesday’s 8 week lows extended. But these gains failed above the 13 day mvg avg and a Marabuzo line created Dec 6th. The pullback from the highs left USDCHF with only minor net movement – an indecisive ‘Doji’ pattern. But it is the upside rejection that we look to as the backdrop to Thursday’s price action.
So we look to Sell in .9935/40 area and any .9967 rally
Targets are .9905, .9889 or even .9862
The stop is .9991 bid
Closes 4pm London time