Source: PaxForex Premium Analytics Portal, Technical Insight
UK: Fiscal giveaways in pre-election budget could provide fresh impetus for a stronger Pound – MUFG.
GBP/CHF,D1
Pivot: 1.1178
Analysis:
While the price is above 1.0850, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1178
- Take Profit 1: 1.1200
- Take Profit 2: 1.1300
Alternative scenario:
If the level of 1.0850 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0850
- Take profit 1: 1.0700
- Take profit 2: 1.0600
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1400 | 1.0850 |
| 1.1300 | 1.0700 |
| 1.1200 | 1.0600 |
