Source: PaxForex Premium Analytics Portal, Technical Insight
The pound sterling should remain supportive in the coming weeks as the UK continues to confirm market bets on a tightening policy from the Bank of England (BoE).
GBP/CHF,D1
Pivot: 1.2540
Analysis:
While the price is above 1.2340, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2540
- Take Profit 1: 1.2654
- Take Profit 2: 1.2760
Alternative scenario:
If the level 1.2340 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2340
- Take profit 1: 1.2144
- Take profit 2: 1.2027
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2884 | 1.2340 |
| 1.2760 | 1.2144 |
| 1.2654 | 1.2027 |
