GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Bank of England to raise rate again by 25bp next week - UOB.

GBP/CHF,D1

Pivot: 1.2212

Analysis:

While the price is above 1.2125, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2212
• Take Profit 1: 1.2300
• Take Profit 2: 1.2400

Alternative scenario:

If the level 1.2125 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2125
• Take profit 1: 1.2075
• Take profit 2: 1.2000

Comment:

RSI shows a bullish sentiment.

Key levels: