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: