GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

UK Retail Sales jump 0.5% MoM in January vs. -0.3% expected.

GBP/CHF,D1

Pivot: 1.1092

Analysis:

While the price is above 1.1070, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1092
• Take Profit 1: 1.1230
• Take Profit 2: 1.1375

Alternative scenario:

If the level of 1.1070 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1070
• Take profit 1: 1.1000
• Take profit 2: 1.1090

Comment:

RSI shows a bullish sentiment.

Key levels: