Source: PaxForex Premium Analytics Portal, Technical Insight
While CHF head Jordan at a press conference in December again called the CHF overvalued and said he was ready to intervene, he also noted that a rise in the national currency could limit import prices.
GBP/CHF,D1
Pivot: 1.2426
Analysis:
While the price is above 1.2104, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2426
- Take Profit 1: 1.2519
- Take Profit 2: 1.2654
Alternative scenario:
If the level 1.2104 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2104
- Take profit 1: 1.1837
- Take profit 2: 1.1678
Comment:
RSI shows a bullish sentiment.
Key levels:
Resistance | Support |
1.2884 | 1.2104 |
1.2654 | 1.1873 |
1.2519 | 1.1678 |