GBP/CHF may rise to 1.1755 - 1.1879

Our pivot point is at 1.1326.

Our preference

The upside prevails as long as 1.1326 is support.

Alternative scenario

Below 1.1326, expect 1.1119 and 1.0996.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1374 and 1.1430).

Supports and resistances

1.2125 **

1.2002 *

1.1879 **

1.1755

1.1503 last

1.1407

1.1326 **

1.1119 *

1.0996 **

Number of asterisks represents the strength of support and resistance levels.