GBP/CHF chart - Trading View
GBP/CHF was trading 0.10% lower on the day at 1.2675 at around 10:20 GMT.
The pair has breached below 55-EMA support, further weakness on cards.
Momentum indicators have turned bearish. Stochs and RSI are biased lower, RSI has slipped below 50 mark.
UK reopening optimism continue to underpin the pound, despite rising cases of the Indian covid variant.
Downside likely to be limited. The pair finds strong support at cloud base at 1.2654. Eyes on Bailey's speech.
Analysis of GMMA indicator shows major and minor trend are neutral. Break below cloud will open downside.
Next major support below cloud lies at 200-week MA at 1.2618 ahead of 38.2% Fib at 1.2542. Failure to close below 55-EMA negates any bearish bias.


EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: USD/ CNY remains soft ahead of Fed decision
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



