Chapter 24 GBPCHF Going down to the Previous demand zone
11/11/2022
Summary
British Finance Minister He will have to raise taxes in this week's budget plan in order to fix public finances and ease a potentially prolonged recession
Fundamental analysis
We have a lot of significant news coming this week for the British pound On the other hand we have medium-impact news on the CHF
U.K. Unemployment Rate
Previous 3.5%
Expectation 3.5%
A higher-than-expected figure should be seen as negative (bearish) for the GBP while a lower-than-expected figure should be seen as positive (bullish) for the GBP.
U.K. CPI YoY
Previous 10.1%
Expectation 10.6%
A higher-than-expected figure should be seen as positive (bullish) for the GBP while a lower-than-expected figure should be seen as negative (bearish) for the GBP.
Switzerland's Balance of Trade
Previous 2.78B
Expectation 2.9B
A higher-than-expected figure should be seen as positive (bullish) for the CHF while a lower-than-expected figure should be seen as negative (bearish) for the CHF.
Switzerland Industrial Production YoY
Previous 5.1%
Expectation 2.5%
Technical analysis
We can see in the 4-hour chart that a downtrend has been established We can see that very clearly in the chart the high and lower high and the other lower high We expect the market to pull up at 1.12428 And then we'll continue the downtrend until the next demand zone at 1.09004 With 20 moving average pointing down as a dynamic supply zone as clear in the diagram chart
