Source: PaxForex Premium Analytics Portal, Technical Insight
The British pound sterling had one of its best trading days in a month.
GBP/CHF,D1
Pivot: 1.0830
Analysis:
While the price is below 1.1015, follow the recommendations below:
- me frame: D1
- Recommendation: short position
- Entry point: 1.0830
- Take Profit 1: 1.0550
- Take Profit 2: 1.0165
Alternative scenario:
If the level of 1.1015 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1015
- Take profit 1: 1.1145
- Take profit 2: 1.1315
Comment:
RSI shows a bearish sentiment.
Key levels:
Resistance | Support |
1.1315 | 1.0550 |
1.1145 | 1.0165 |
1.1015 | 1.0100 |