Source: PaxForex Premium Analytics Portal, Technical Insight
Switzerland’s central bank chief insisted that any move -- likely also to be an increase in borrowing costs -- will be determined with the most current data that will then be available.
GBP/CHF,D1
Pivot: 1.1022
Analysis:
While the price is below 1.1300, follow the recommendations below:
- me frame: D1
- Recommendation: short position
- Entry point: 1.1022
- Take Profit 1: 1.0900
- Take Profit 2: 1.0700
Alternative scenario:
If the level of 1.1300 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1300
- Take profit 1: 1.1530
- Take profit 2: 1.1650
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.1650 | 1.0900 |
| 1.1530 | 1.0700 |
| 1.1300 | 1.0600 |
