Source: PaxForex Premium Analytics Portal, Technical Insight
The SNB said it is taking control of the overall currency situation and that individual currency pairs do not play a special role.
GBP/CHF,D1
Pivot: 1.2162
Analysis:
While the price is below 1.2340, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2162
- Take Profit 1: 1.2144
- Take Profit 2: 1.2027
Alternative scenario:
If the level 1.2340 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2340
- Take profit 1: 1.2530
- Take profit 2: 1.2654
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.2654 | 1.2144 |
| 1.2530 | 1.2027 |
| 1.2340 | 1.1950 |
