Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England: output price inflation is expected to be 4.5% for the year ahead.
GBP/CHF,D1
Pivot: 1.2462
Analysis:
While the price is above 1.2104, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2462
- Take Profit 1: 1.2519
- Take Profit 2: 1.2654
Alternative scenario:
If the level 1.2104 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2104
- Take profit 1: 1.1837
- Take profit 2: 1.1678
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2778 | 1.2104 |
| 1.2654 | 1.1873 |
| 1.2519 | 1.1678 |
