GBP/CHF chart - Trading View
Technical Analysis: Bias Bearish
GBP/CHF hits 9-day lows at 1.2788 before recovering some losses to trade at 1.2828 at around 11:55 GMT.
The pair dived over 0.50% on the day after BOE Governor Andrew Bailey committed to continuing buying bonds despite an improvement in the economy.
Risk sentiment dented across markets after doubts over AstraZeneca’s coronavirus vaccine dims vaccine optimism.
Multiple European Union (EU) members’ rejections to the AstraZeneca coronavirus (COVID-19) vaccine were seen after several cases of blood clots related to the inoculations.
GBP/CHF technical bias is turning bearish. Upside remains capped below 5-DMA and a bearish divergence on RSI and Stochs adds to the downside bias.
The pair now eyes 21-EMA support at 1.2742. Breach below will see more weakness in the near-term.
