Source: PaxForex Premium Analytics Portal, Technical Insight
Mounting hawkish Bank of England (BoE) bets are failing to provide a cushion to the Pound Sterling.
GBP/CHF,D1
Pivot: 1.1225
Analysis:
While the price is above 1.1070, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1225
- Take Profit 1: 1.1375
- Take Profit 2: 1.1540
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: 1.1000
- Take profit 2: 1.1090
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1650 | 1.1070 |
| 1.1540 | 1.1000 |
| 1.1375 | 1.0900 |
