Source: PaxForex Premium Analytics Portal, Technical Insight
UK FCA says that more savings bank accounts will get higher interest rates through regulatory intervention. The news may help the GBP to regain upside traction.
.GBP/CHF,D1
Pivot: 1.1175
Analysis:
While the price is below 1.1240, follow the recommendations below:
- Time frame: D1
- Recommendation: shorts position
- Entry point: 1.1175
- Take Profit 1: 1.1075
- Take Profit 2: 1.1025
Alternative scenario:
If the level of 1.1240 is broken-out , follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1240
- Take profit 1: 1.1275
- Take profit 2: 1.1325
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.1325 | 1.1075 |
| 1.1275 | 1.1025 |
| 1.1240 | 1.0950 |
