GBP/CHF may rise 45 - 66 pips

Our pivot point is at 1.1239.

Our preference

As long as 1.1239 is support look for 1.1338.

Alternative scenario

Below 1.1239, expect 1.1204 and 1.1183.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1269 and 1.1253).

Supports and resistances

1.1379 **

1.1358 *

1.1338 **

1.1317

1.1272 last

1.1253

1.1239 **

1.1204 *

1.1183 **

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