Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England, Mann: the inclusion of current inflation in company expectations is a concern.
GBP/CHF,D1
Pivot: 1.2321
Analysis:
While the price is above 1.2277, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2372
- Take Profit 1: 1.2420
- Take Profit 2: 1.2530
Alternative scenario:
If the level 1.2277 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2277
- Take profit 1: 1.2120
- Take profit 2: 1.2027
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2652 | 1.2277 |
| 1.2530 | 1.2120 |
| 1.2420 | 1.2027 |
