GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Bank of England: Another increase in August and then a pause - Rabobank.

GBP/CHF,D1

Pivot: 1.1920

Analysis:

While the price is below 1.2000, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1920
• Take Profit 1: 1.1800
• Take Profit 2: 1.1700

Alternative scenario:

If the level of 1.2000 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2000
• Take profit 1: 1.2200
• Take profit 2: 1.2300

Comment:

RSI shows a bearish sentiment.

Key levels: