GBP/CHF intraday: above its upper Bollinger band

GBPCHF

Trading Central 2021-02-22 16:49:16

Our pivot point stands at 1.2553.

Our preference: the upside prevails as long as 1.2553 is support.

Alternative scenario: below 1.2553, expect 1.2494 and 1.2459.

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 1.2587 and 1.2558). Finally, the GBP/CHF has crossed above its upper Bollinger band (1.2609).

Supports and resistances:

1.2803 **

1.2768 *

1.2733 **

1.2698

1.2610 last

1.2576

1.2553 **

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