Source: PaxForex Premium Analytics Portal, Technical Insight

Bank of England's MPC member Megan Greene said in the Financial Times (FT) interview on Thursday that “UK services inflation remains much higher than in the US.”

GBP/CHF,D1

Pivot: 1.1421

Analysis:

While the price is above 1.1200, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1421
• Take Profit 1: 1.1500
• Take Profit 2: 1.1600

Alternative scenario:

If the level of 1.1200 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1200
• Take profit 1: 1.1100
• Take profit 2: 1.1000

Comment:

RSI shows a bullish sentiment.

Key levels: