Source: PaxForex Premium Analytics Portal, Technical Insight

The Bank of England said it was ending its programme of corporate bond sales, after offloading almost all of the 20 billion pounds ($24.8 billion) it bought as part of its quantitative easing (QE) programme.

GBP/CHF,D1

Pivot: 1.1323

Analysis:

While the price is above 1.1130, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1323
• 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: 1.1000

Comment:

RSI shows a bearish sentiment.

Key levels: