Source: PaxForex Premium Analytics Portal, Technical Insight
UK Gross Domestic Product Preview: The British economy is set for a slight decline in Q3 as high rates bite.
GBP/CHF,D1
Pivot: 1.1046
Analysis:
While the price is above 1.0900, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1046
- Take Profit 1: 1.1100
- Take Profit 2: 1.1200
Alternative scenario:
If the level of 1.0900 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0900
- Take profit 1: 1.0800
- Take profit 2: 1.0700
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1200 | 1.0900 |
| 1.1100 | 1.0800 |
| 1.1000 | 1.0700 |
