GBP/CHF intraday: technical rebound towards 1.2155

GBP/CHF intraday: technical rebound towards 1.2155 before a new drop

GBPCHF

Trading Central 2021-01-14 18:11:06

Our pivot point stands at 1.2155.

Our preference: technical rebound towards 1.2155 before a new drop.

Alternative scenario: the upside breakout of 1.2155, would call for 1.2205 and 1.2235.

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 its 20 period moving average (1.2109) but under its 50 period moving average (1.2113).

Supports and resistances:

1.2235 **

1.2205 *

1.2155 **

1.2136

1.2111 last

1.2047

1.2018 **

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