Chart - Courtesy Trading View
GBP/CHF was trading over 0.35% higher on the day at 1.2505 at around 10:00 GMT.
Data released earlier on Thursday showed UK Markit Services PMI for January beat expectations and prior month readings at 53.3 to print at 54.1.
The British pound remains buoyed on upbeat UK Markit Services PMI as markets await BoE rate decision due at 12:00 GMT.
Markets have fully priced a 25 basis point hike from the BoE, so traders' focus will likely be on the outlook for cues.
Technical bias for the pair is strongly bullish. GMMA indicator shows minor trend has turned strongly bullish.
Price action has bounced off 21-EMA and daily cloud support and is on track to test 200-DMA at 1.2555.
On the flipside, 5-DMA is immediate support at 1.2461. Bullish invalidation only below 21-EMA and daily cloud.
