Source: PaxForex Premium Analytics Portal, Technical Insight
UK Retail Sales, PMIs to close off the trading week with a bang.
GBP/CHF,D1
Pivot: 1.12900
Analysis:
While the price is above 1.1350, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1290
- Take Profit 1: 1.1600
- Take Profit 2: 1.1700
Alternative scenario:
If the level of 1.1350 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1350
- Take profit 1: 1.1300
- Take profit 2: 1.1200
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1800 | 1.1350 |
| 1.1700 | 1.1300 |
| 1.1600 | 1.1200 |
