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: