GBP/CHF intraday: look for a drop towards 1.1106 before a bounce
1.1106 is our pivot point.
Our preference: look for a drop towards 1.1106 before a bounce.
Alternative scenario: below 1.1106, expect 1.1087 and 1.1075.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1124 and 1.1126).
Supports and resistances:
1.1193 **
1.1181 *
1.1169 **
1.1158
1.1132 last
1.1114
1.1106 **
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