GBP/CHF may rise 43 - 63 pips

Our pivot point is at 1.1338.

Our preference

The upside prevails as long as 1.1338 is support.

Alternative scenario

Below 1.1338, expect 1.1305 and 1.1285.

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 1.1362 and 1.1356).

Supports and resistances

1.1473 **

1.1453 *

1.1434 **

1.1414

1.1371 last

1.1351

1.1338 **

1.1305 *

1.1285 **

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