USD/CHF: Prop Account Happy To Take Partial Profit

The initial push into the 1.2700's has seen 1.2707 hit but supply continues to flow in an effort to hamper the USD/CHF attempt to consolidate the break above the figure. One proprietary account has been a good seller around 1.2705 as they book partial profits on their earlier longs. However, with the topside still in focus and spot threatening to run towards 1.2715/20 they are said to be wary of exiting their trade completely.