Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England Governor Bailey: labour market is short of force, there are signs of more sustained price pressures.
GBP/CHF,D1
Pivot: 1.2248
Analysis:
While the price is below 1.2509, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2248
- Take Profit 1: 1.2178
- Take Profit 2: 1.2045
Alternative scenario:
If the level 1.2509 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2509
- Take profit 1: 1.2600
- Take profit 2: 1.2823
Comment:
RSI shows a bearish sentiment.
Key levels:
| Resistance | Support |
| 1.2823 | 1.2178 |
| 1.2600 | 1.2045 |
| 1.2509 | 1.1946 |
