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: