GBP/CHF ST: the downside prevails as long as 1.1078 is resistance
Our pivot point stands at 1.1078.
Our preference: the downside prevails as long as 1.1078 is resistance.
Alternative scenario: above 1.1078, look for 1.1256 and 1.1362.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1038 and 1.1102).
Supports and resistances:
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