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GBP/CHF chart - Trading View
GBP/CHF was trading 0.45% higher on the day at 1.2714 at around 11:10 GMT.
The pair has bounced off daily cloud support, snapping a 5-day losing streak.
The British pound was buoyed across the board on hopes of a gradual re-opening of the UK economy.
Meanwhile, political uncertainty amid renewed calls for a second referendum on Scottish independence and Brexit structural drag keeps upside limited.
The pair closed previous week's trade with a whopping 2.76% loss. Strong support is seen at 200W MA at 1.2612.
Oscillators have also slipped into oversold territory. Scope for bounce back remains on cards.
5-DMA is immediate resistance at 1.2733. Break above could see test of 21-EMA at 1.2824. Break into cloud will plummet prices.
