GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Bank of England: The conditions for rate cuts this summer are unfolding – ANZ.

GBP/CHF,D1

Pivot: 1.1118

Analysis:

While the price is above 1.0850, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1118
• Take Profit 1: 1.1200
• Take Profit 2: 1.1300

Alternative scenario:

If the level of 1.0850 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0850
• Take profit 1: 1.0700
• Take profit 2: 1.0600

Comment:

RSI shows a bullish sentiment.

Key levels: