GBPCHF Intraday analysis on dated 11-7-2019

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