Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England (BoE) policymaker Jonathan Haskel said that he is encouraged by signals that Britain's inflation pressures might be on the wane, but he would need further evidence of a slowdown before altering his view, per Reuters.
GBP/CHF,D1
Pivot: 1.1047
Analysis:
While the price is above 1.0850, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1247
- Take Profit 1: 1.1100
- Take Profit 2: 1.1200
Alternative scenario:
If the level of 1.0850 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0850
- Take profit 1: 1.0700
- Take profit 2: 1.0600
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1300 | 1.0850 |
| 1.1200 | 1.0700 |
| 1.1100 | 1.0600 |
