Source: PaxForex Premium Analytics Portal, Technical Insight
Mann: Uncertainty over inflation strengthens the case for an outpacing rate hike.
GBP/CHF,D1
Pivot: 1.1695
Analysis:
While the price is below 1.1860, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1695
- Take Profit 1: 1.1585
- Take Profit 2: 1.1500
Alternative scenario:
If the level of 1.1860 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1860
- Take profit 1: 1.2000
- Take profit 2: 1.2200
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.2200 | 1.1585 |
| 1.2000 | 1.1500 |
| 1.1860 | 1.1450 |
