Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97 
FxWirePro: USD/JPY nears 160 as intervention risk intensifies 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets 
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 
FxWirePro: USD/ZAR bears maintain upper hand 
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188 
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble 
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib 
FxWirePro: EUR/ NZD stuck in range but outlook is bearish 
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears 
FxWirePro: NZD/USD hovers near one-week low, outlook bearish 
FxWirePro: GBP/NZD edges higher but outlook is bearish 
GBP/CHF chart - Trading View
Spot Analysis:
GBP/CHF was trading 0.29% higher on the day at 1.2679 at around 08:30 GMT
Previous Week's High/ Low: 1.2674/ 1.2501
Previous Session's High/ Low: 1.2714/ 1.2641
Fundamental Overview:
The EU's suspension of legal action over the NI protocol supports sterling.
UK scraps quarantine rules for fully vaccinated EU, US travelers, adding to positive sentiment.
Technical Analysis:
- GBP/CHF continues choppy trade below daily cloud
- Price action remains capped between 55 and 110 EMAs
- The pair has halted 4 week's of downside with 'Hammer' formation on the previous week candle
- 200-week MA is now major support on the downside, retrace below will negate any further gains
Major Support and Resistance Levels:
Support - 1.2619 (200-week MA), Resistance - 1.2680 (55-EMA)
Summary: GBP/CHF is extending choppy trade as price action remains capped between 55 and 110-EMAs. Momentum is bullish, Stochs and RSI are biased higher. Cloud breakout will buoy bulls in the pair.
