Source: PaxForex Premium Analytics Portal, Technical Insight
A cautious Bank of England should weigh the yield differentials on Britain's 2-year bonds, which are putting downward pressure on the GBP.
GBP/CHF,D1
Pivot: 1.2249
Analysis:
While the price is above 1.2250, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2249
- Take Profit 1: 1.2530
- Take Profit 2: 1.2654
Alternative scenario:
If the level 1.2250 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2250
- Take profit 1: 1.2144
- Take profit 2: 1.2027
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2731 | 1.2250 |
| 1.2654 | 1.2144 |
| 1.2530 | 1.2027 |
