Source: PaxForex Premium Analytics Portal, Technical Insight
The Pound Sterling exhibits strength in Thursday’s London session as investors hope that the BoE will start reducing interest rates after the Fed.
GBP/CHF,D1
Pivot: 1.1243
Analysis:
While the price is above 1.1050, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1243
- Take Profit 1: 1.1300
- Take Profit 2: 1.1400
Alternative scenario:
If the level of 1.1050 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1050
- Take profit 1: 1.0900
- Take profit 2: 1.0800
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1500 | 1.1050 |
| 1.1400 | 1.0900 |
| 1.1300 | 1.0800 |
