GBP/CHF chart - Trading View
GBP/CHF was trading 0.47% higher on the day at 1.2955 at around 10:15 GMT, outlook bullish.
The British pound was buoyed across the board after upbeat Retail Sales data which showed a goodish recovery from a steep fall in January.
Data from the Office for National Statistics (ONS) showed UK retail sales increased by 2.1% in in February. Retail sales were still down by 3.7% on a year earlier, before the impact of the coronavirus pandemic.
Upbeat data supports upside, however, worries about Chinese sanctions on UK officials and a potential delay to the UK's vaccination campaign keep traders cautious.
GBP/CHF pullback has shown bounce off 21-EMA support. Scope for upside resumption rises as price action edges above 200H MA and 5-DMA.
The pair is now extending gains above 55-month EMA and momentum is with the bulls. Next major bull target lies at 1.34.
1.2805 (55-month EMA) is crucial level to watch, failure to close above will negate any further upside.


FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: AUD/USD softens as risk appetite abates
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: USD/ZAR bears maintain upper hand
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Pair levels and bias summary
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe 



