The neutral range set in yesterday's report was unthreatened as the consolidation in USDCHF stretched to a 5th day in a row. That price action came against a background of a rising Keltner channel – although that channel is beginning to flatten - and above a Marabuzo line created on Oct 3rd. However the upside stalling has been translated into a more significant decline in Asia, and although an early positive reaction is probable, the immediate bias is now negative.
We lok to Sell at .9870 and .9900
Stop is .9935 bid
Targets - .9840, .9819 or even .9790
Closes - 4pm London time