GBP/CHF intraday: the downside prevails as long as 1.1032 is resistance

1.1032 is our pivot point.

Our preference: the downside prevails as long as 1.1032 is resistance.

Alternative scenario: above 1.1032, look for 1.1094 and 1.1131.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0992 and 1.0986).

Supports and resistances:

1.1131 **

1.1094 *

1.1032 **

1.1007

1.0982 last

1.0900

1.0862 **