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Chart - Courtesy Trading View
GBP/CHF was trading 0.07% lower on the day at 1.2328 at around 13:25 GMT.
The pair grinds sideways, capped below 55-EMA resistance at 1.2357, break above required for further upside.
The surprise rate hike by the Bank of England at its December meeting gave the British pound some support.
That said, concerns of a negative impact of the Omicron variant on the British economy keep upside limited.
Any lockdown chatter in the UK could hurt sterling and see downside resumption in the pair.
Technical studies show major trend in the pair is bearish. Bullish uptrend in the near-term seems to be fading.
The pair finds immediate support at 21-EMA at 1.2290. Retrace below will negate any further upside.
