GBP/CHF chart - Trading View
GBP/CHF has paused 4 straight sessions of downside and was trading marginally higher at 1.2319 at around 06:40 GMT.
The British pound stays mildly bid as UK’s covid recovery joins strong vaccine optimism, but Brexit woes keeps gains under check.
Markets remain cautious following the latest US-China tension as Biden continued Trump’s hard stand on Beijing.
Further, worries of another confrontation between the European Union (EU) and Britain in London over Northern Ireland (NI) protocol probe sentiment.
Technical bias for the pair remains bullish. Pullback has bounced off 200H MA with a hammer formation.
Price action is consolidating above 110W EMA and momentum is bullish. Scope for test of 61.8% Fib at 1.2471.
