Source: PaxForex Premium Analytics Portal, Technical Insight
SNB: Situation in Switzerland will be of greater significance for the FX market – Commerzbank.
GBP/CHF,D1
Pivot: 1.1301
Analysis:
While the price is above 1.1070, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1211
- Take Profit 1: 1.1350
- Take Profit 2: 1.1500
Alternative scenario:
If the level of 1.1070 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1070
- Take profit 1: 1.1090
- Take profit 2: 1.0600
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1700 | 1.1070 |
| 1.1500 | 1.0900 |
| 1.1350 | 1.0600 |
