Source: PaxForex Premium Analytics Portal, Technical Insight
The bullish sentiment of the Bank of England might be temporary and will have unpleasant consequences later on.
GBP/CHF,D1
Pivot: 1.2299
Analysis:
While the price is above 1.1945, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2299
- Take Profit 1: 1.2400
- Take Profit 2: 1.2519
Alternative scenario:
If the level 1.1945 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1945
- Take profit 1: 1.1676
- Take profit 2: 1.1516
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2680 | 1.1945 |
| 1.2519 | 1.1646 |
| 1.2400 | 1.1546 |
