GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

GBP/CHF: Extended uptrend on a break past 1.1500/1.1580 – SocGen.

.GBP/CHF,D1

Pivot: 1.1120

Analysis:

While the price is below 1.1240, follow the recommendations below:

• Time frame: D1
• Recommendation: shorts position
• Entry point: 1.1120
• 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: