GBP/CHF – Currency exchange rate forecast 06.06.2019: the upside prevails as long as 1.2580 is support

GBP/CHF - Currency exchange rate forecast 06.06.2019: the upside prevails as long as 1.2580 is support

Alternative scenario: the downside breakout of 1.2580 would call for 1.2522 and 1.2488.

Our pivot point stands at 1.2580.

Our preference: the upside prevails as long as 1.2580 is support.

Alternative scenario: below 1.2580, expect 1.2522 and 1.2488.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.2616 and 1.2611).

Supports and resistances:

1.2803 **

1.2768 *

1.2734 **

1.2700

1.2629 last

1.2602

1.2580 **

1.2522 *

1.2488 **