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: