Source: PaxForex Premium Analytics Portal, Technical Insight
Rabobank economists have serious doubts that the Bank of England's (BoE) actions will meet market expectations, i.e. that the Bank will aggressively raise rates this year.
GBP/CHF,D1
Pivot: 1.2469
Analysis:
While the price is above 1.2104, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2469
- Take Profit 1: 1.2519
- Take Profit 2: 1.2654
Alternative scenario:
If the level 1.2104 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2104
- Take profit 1: 1.1837
- Take profit 2: 1.1678
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2884 | 1.2104 |
| 1.2654 | 1.1873 |
| 1.2519 | 1.1678 |
