Source: PaxForex Premium Analytics Portal, Technical Insight
The UK Retail Sales arrived at 1.2% over the month in February vs. 0.2% expected and 0.9% previous.
GBP/CHF,D1
Pivot: 1.1260
Analysis:
While the price is above 1.1200, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1260
- Take Profit 1: 1.1285
- Take Profit 2: 1.1320
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: 1.1170
- Take profit 2: 1.1140
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1400 | 1.1200 |
| 1.1320 | 1.1170 |
| 1.1285 | 1.1140 |
