GBP/CHF intraday: our next up target stands at 1.1180
Our pivot point stands at 1.1120.
Our preference: our next up target stands at 1.1180.
Alternative scenario: the downside breakout of 1.1120 would call for 1.1101 and 1.1090.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1131 and 1.1129).
Supports and resistances:
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