Source: PaxForex Premium Analytics Portal, Technical Insight
The Pound Sterling performs strongly on faster UK GDP growth and soft US Inflation data.
GBP/CHF,D1
Pivot: 1.1568
Analysis:
While the price is above 1.1250, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1568
- Take Profit 1: 1.1650
- Take Profit 2: 1.1750
Alternative scenario:
If the level of 1.1250 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1250
- Take profit 1: 1.1100
- Take profit 2: 1.1000
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1850 | 1.1250 |
| 1.1750 | 1.1100 |
| 1.1650 | 1.1000 |
