GBP/CHF | British Pound to Swiss Franc Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Pound Sterling slumps as BoE Mann votes for holding key rates steady at 5.25%.

GBP/CHF,D1

Pivot: 1.1334

Analysis:

While the price is above 1.1200, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1334
• Take Profit 1: 1.1400
• Take Profit 2: 1.1500

Alternative scenario:

If the level of 1.1200 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1200
• Take profit 1: 1.1000
• Take profit 2: 1.0900

Comment:

RSI shows a bullish sentiment.

Key levels: