GBP/CHF may rise to 1.1655 - 1.1879

Our pivot point stands at 1.0867.

Our preference

Rebound towards 1.1879.

Alternative scenario

The downside breakout of 1.0867 would call for 1.0490 and 1.0267.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1238 and 1.1365).

Supports and resistances

1.2329 **

1.2104 *

1.1879 **

1.1655

1.1181 last

1.1015

1.0867 **

1.0490 *

1.0267 **

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