Source: PaxForex Premium Analytics Portal, Technical Insight

UK Ministry of Finance finally managed to present the autumn budget.

GBP/CHF,D1

Pivot: 1.1432

Analysis:

While the price is above 1.1200, follow the recommendations below:

• me frame: D1
• Recommendation: long position
• Entry point: 1.1432
• Take Profit 1: 1.1600
• Take Profit 2: 1.1965

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: 1.0900
• Take profit 2: 1.0600

Comment:

RSI shows a bullish sentiment.

Key levels: