GBP/CHF intraday: target 1.1002

Our pivot point is at 1.1157.

Our preference: target 1.1002.

Alternative scenario: above 1.1157, look for 1.1215 and 1.1249.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.1119) but above its 50 period moving average (1.1099).

Supports and resistances:

1.1249 **

1.1215 *

1.1157 **

1.1134

1.1111 last

1.1036

1.1002 **