Source: PaxForex Premium Analytics Portal, Technical Insight

The Bank of England was holding emergency talks with international counterparts amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG (CSGN.S), the Telegraph reported.

GBP/CHF,D1

Pivot: 1.1249

Analysis:

While the price is above 1.1200, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1249
• Take Profit 1: 1.1285
• Take Profit 2: 1.1320

Alternative scenario:

If the level of 1.1200 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1200
• Take profit 1: 1.1170
• Take profit 2: 1.1140

Comment:

RSI shows a bullish sentiment.

Key levels: