Source: PaxForex Premium Analytics Portal, Technical Insight
The SNB said it has successfully tested the use of digital currency to settle transactions with leading investment banks.
GBP/CHF,D1
Pivot: 1.2493
Analysis:
While the price is above 1.2104, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2493
- Take Profit 1: 1.2654
- Take Profit 2: 1.2884
Alternative scenario:
If the level 1.2104 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2104
- Take profit 1: 1.1837
- Take profit 2: 1.1678
Comment:
RSI shows a bullish sentiment.
Key levels:
Resistance | Support |
1.2956 | 1.2104 |
1.2884 | 1.1873 |
1.2654 | 1.1678 |