Source: PaxForex Premium Analytics Portal, Technical Insight
The United Kingdom’s (UK) industrial sector activity showed an improvement in June, the latest data published by Office for National Statistics (ONS) showed on Friday.
.GBP/CHF,D1
Pivot: 1.1130
Analysis:
While the price is below 1.1240, follow the recommendations below:
- Time frame: D1
- Recommendation: shorts position
- Entry point: 1.1130
- Take Profit 1: 1.1075
- Take Profit 2: 1.1025
Alternative scenario:
If the level of 1.1240 is broken-out , follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1240
- Take profit 1: 1.1275
- Take profit 2: 1.1325
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.1325 | 1.1075 |
| 1.1275 | 1.1025 |
| 1.1240 | 1.0950 |
