The 4H GBP/CHF chart shows a bullish market that has turned sideways, but is still trading about the 200 period moving average. There has been a rally since the market tagged the 200SMA treating it as support. The rally has brought the market to the 1.4540 -1.4550 area, which has been resistance in early November. On top of that the 4H RSI which is near overbought levels, has bearish divergence with the price. Also note the recent 4H candle that ended up being a doji with a long tail to the upside reflecting indecision and rejection of bullish attempt as we hit this resistance area. Now turning to the 1H chart, we ... (full story)