7640817 7/12/2017 5:10 PM, GBP/CHF intraday: rebound towards 1.2449


Our pivot point is at 1.2345.


Our preference

: rebound towards 1.2449.


Alternative scenario

: below 1.2345, expect 1.2310 and 1.2289.


Comment

: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.2373) but under its 50 MA (1.2403).


Supports and resistances

:

1.2491 **

1.2470 *

1.2449 **

1.2428

1.2374 last

1.2359

1.2345 **

1.2310 *

1.2289 **