Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England set to raise rates to 4.75% as inflation slow to fall.
GBP/CHF,D1
Pivot: 1.1400
Analysis:
While the price is above 1.1250, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.14000
- Take Profit 1: 1.1450
- Take Profit 2: 1.1500
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: 1.1075
- Take profit 2: 1.1000
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.1650 | 1.1250 |
| 1.1550 | 1.1075 |
| 1.1450 | 1.1000 |
