GBP/CHF may rise to 1.1738 - 1.1853

Our pivot point stands at 1.1333.

Our preference

As long as 1.1333 is support look for 1.1853.

Alternative scenario

The downside breakout of 1.1333 would call for 1.1141 and 1.1026.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1483 and 1.1461).

Supports and resistances

1.2082 **

1.1968 *

1.1853 **

1.1738

1.1489 last

1.1409

1.1333 **

1.1141 *

1.1026 **

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