Source: PaxForex Premium Analytics Portal, Technical Insight
GBP fell for a second consecutive session on Thursday, as markets geared up for tomorrow’s non-farm payrolls (NFP) report.
GBP/CHF,D1
Pivot: 1.1033
Analysis:
While the price is above 1.0750, follow the recommendations below:
- me frame: D1
- Recommendation: long position
- Entry point: 1.1033
- Take Profit 1: 1.1300
- Take Profit 2: 1.1600
Alternative scenario:
If the level of 1.0750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0750
- Take profit 1: 1.0550
- Take profit 2: 1.0163
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1700 | 1.0750 |
| 1.1600 | 1.0550 |
| 1.1300 | 1.0163 |
