GBP/CHF | British Pound to Swiss Franc Trading Analysis
GBP/CHF | British Pound to Swiss Franc Trading Analysis
Written by: PaxForex analytics dept - Thursday, 08 June 2023 0 comments
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:
Resistance | Support |
1.1550 | 1.1130 |
1.1500 | 1.1075 |
1.1390 | 1.1000 |