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GBP/CHF intraday: as long as 1.1254 is support look for 1.1325
2024-03-11
272
Our pivot point stands at 1.1254.
Our preference: as long as 1.1254 is support look for 1.1325.
Alternative scenario: the downside breakout of 1.1254 would call for 1.1228 and 1.1214.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1278 and 1.1262).
Supports and resistances:
1.1355 **
1.1340 *
1.1325 **
1.1310
1.1280 last
1.1264
1.1254 **
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