Our pivot point is at 1.2446.
: the downside prevails as long as 1.2446 is resistance.
: above 1.2446, look for 1.2479 and 1.2498.
: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.2453 and 1.2465). Finally, the GBP/CHF has penetrated its lower Bollinger band (1.2422).
Supports and resistances