GBPCHF Intraday analysis on dated 11-7-2019

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The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 day moving average’s [Respectively at 1.23800 and 1.23900] Finally, the GBP/CHF has penetrated its lower Bollinger band (1.23670)

Recommendation: Sell/Sell limit @ 1.24100 Target: 60 pips