Source: PaxForex Premium Analytics Portal, Technical Insight
SNB still sees the 2025 inflation print coming in at 2.1%, so although inflationary pressures are building the pressures are mild compared to Europe, the UK, and the US.
GBP/CHF,D1
Pivot: 1.1329
Analysis:
While the price is above 1.1130, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1329
- Take Profit 1: 1.1390
- Take Profit 2: 1.1500
Alternative scenario:
If the level of 1.1130 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1130
- Take profit 1: 1.1075
- Take profit 2: 1.1100
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.1550 | 1.1130 |
| 1.1500 | 1.1075 |
| 1.1390 | 1.1000 |
