Here's my take on it, I firmly expect the SNB to come in strong at the first attempt on 1.2000, it's most certainly worth taking a pop at it. Just don't get greedy. If they do we may be lucky to see 12250-12300 where there will be many sellers again..me included. It's all about saving face here, they will intervene, in fact I bet they have MASSIVE orders that automatically kick in just above 1.2. Have a nice weekend all.
Peace
Peace
Adam