Source: PaxForex Premium Analytics Portal, Technical Insight
Forecasts indicate that the UK will be the fourth-best performing G7 economy concerning pre-pandemic levels, with real GDP expected to be around 2.7% higher in 2024 on average relative to 2019 levels.
GBP/CHF,D1
Pivot: 1.0760
Analysis:
While the price is above 1.0700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0760
- Take Profit 1: 1.0900
- Take Profit 2: 1.1000
Alternative scenario:
If the level of 1.0700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0700
- Take profit 1: 1.0600
- Take profit 2: 1.0500
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.1100 | 1.0700 |
| 1.1000 | 1.0600 |
| 1.0900 | 1.0500 |
