GBP/CHF may rise 44 - 64 pips

Our pivot point is at 1.1473.

Our preference

The upside prevails as long as 1.1473 is support.

Alternative scenario

The downside breakout of 1.1473 would call for 1.1439 and 1.1418.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1492 and 1.1487).

Supports and resistances

1.1607 **

1.1587 *

1.1567 **

1.1547

1.1503 last

1.1486

1.1473 **

1.1439 *

1.1418 **

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