GBP/CHF chart - Trading View
GBP/CHF was trading 0.27% higher on the day at 1.2958 at around 09:30 GMT.
The pair has largely ignored 'Gravestone Doji' formation in the previous session and remains bid ahead of Johnson's speech.
Speaking on BBC Radio 4 this Monday, BoE Governor Andrew Bailey said that the effect of COVID-19 restrictions on the economy is huge but appear to be reducing.
Bailey added that inflation is likely to pick up soon and the economy expected to get back to pre-pandemic size around the end of this year.
Positive comments from Bailey keep the pair supported. GBP/CHF is testing monthly cloud resistance.
Break into monthly cloud will open further upside. However, technical studies point to some weakness. Bearish divergence on RSI and Stochastics keeps scope for downside.
