GBP/CHF may fall to 1.0410 - 1.0619

Our pivot point stands at 1.1393.

Our preference

The downside prevails as long as 1.1393 is resistance.

Alternative scenario

The upside breakout of 1.1393, would call for 1.1747 and 1.1958.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1321 and 1.1395).

Supports and resistances

1.1958 **

1.1747 *

1.1393 **

1.1254

1.1098 last

1.0619

1.0410 **

1.0201 *

0.9992 **

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