GBP/CHF chart - Trading View
GBP/CHF was extending gains for the 5th straight session, hits new 12-month highs at 1.2397.
The pair grinds higher as the British pound remains buoyed amid easing coronavirus lockdown restriction in the UK and progress in COVID-19 vaccination drive.
The pair has shown a decisive breakout at 55W EMA, momentum studies are bullish and volatility is rising.
GMMA indicator on the weekly charts shows near-term moving averages have broken above long-term moving averages.
UK CPI figures for January due 07:00 GMT Wednesday will now be awaited for further impetus. Expectations are for CPI to arrive at 0.5% Y/Y down from 0.6% in December.
Price action is extending Symmetric Triangle breakout and is on track to test 61.8% Fib at 1.2471 ahead of 200W MA at 1.2603.
On the flipside, 5-DMA is immediate support at 1.2333, breach below will see dip till 21-EMA at 1.2247. Retrace below 110W EMA will negate any bullish bias.


FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major)
FxWirePro USD/CAD steadies around 1.3910,retains bid tone 



