GBP/CHF chart - Trading View
GBP/CHF maintained its strong bid tone to hit the highest level since Dec 2019, outlook is strongly bullish.
The pair was trading 0.42% higher on the day at 1.2814 at around 10:20 GMT, slipping lower from 14-month high of 1.2896 hit earlier on the day.
Broad-based GBP strength ahead of BoE's Monetary Policy Report Hearing pushed the pair higher.
Receding safe-haven demand as evidenced by goodish bounce in the equity markets weighed on the CHF and remained supportive of upside.
Technical indicators are bullish. That said the pair faces stiff resistance at monthly cloud. Also overbought oscillators warrant caution for bulls.
The pair is currently trading above 76.8% Fib and is on track to test 88.6% Fib at 1.3060. Monthly cloud at 1.30 is major hurdle enroute.
76.8% Fib is immediate support at 1.28 ahead of 5-DMA at 1.2646. Retrace below 200W MA will negate any bullish bias.


FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/ZAR bears maintain upper hand 



