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GBP/CHF intraday: the upside prevails as long as 1.0951 is support
2023-10-19
512
Our pivot point stands at 1.0951.
Our preference: the upside prevails as long as 1.0951 is support.
Alternative scenario: the downside breakout of 1.0951 would call for 1.0930 and 1.0918.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0956 and 1.0961).
Supports and resistances:
1.1033 **
1.1021 *
1.1009 **
1.0996
1.0970 last
1.0959
1.0951 **
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