GBP/CHF may rise to 1.1888 - 1.2000

1.1487 is our pivot point.

Our preference

The upside prevails as long as 1.1487 is support.

Alternative scenario

The downside breakout of 1.1487 would call for 1.1300 and 1.1188.

Comment

The RSI is above 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 1.1480 and 1.1421).

Supports and resistances

1.2224 **

1.2112 *

1.2000 **

1.1888

1.1638 last

1.1561

1.1487 **

1.1300 *

1.1188 **

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