GBP/CHF chart - Trading View
GBP/CHF was trading 0.18% higher on the day at 1.2635 at around 10:00 GMT, after closing 0.24% higher in the previous session.
The pair witnessed some follow-through buying for the fourth consecutive session on Friday after BoE's modest tightening hint.
The central bank on Wednesday indicated that it would begin reducing its quantitative easing when the benchmark rate hits 0.5% as compared to the previous guidance of 1.5%.
The change suggested that the unwinding of the balance sheet could come more quickly than previously anticipated.
The BoE also upgraded UK's near-term GDP growth and inflation forecasts, another positive factor that underpinned the GBP.
GBP/CHF is grinding sideways since April. Upside remains capped below the daily cloud and decisive break above required for upside continuation.
No major signs of reversal seen. Price action hovers around 21-EMA. Continued bullish momentum could see test of 55-EMA at 1.2661 ahead of 50-DMA at 1.2679.


FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro: GBP/USD falls to two-day low, scope for further downside
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro- Major European Indices
FxWirePro- Woodies pivot (Major)
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro- Major Pair levels and bias summary 



