GBP/CHF chart - Trading View
GBP/CHF was trading 0.47% higher on the day at 1.2955 at around 10:15 GMT, outlook bullish.
The British pound was buoyed across the board after upbeat Retail Sales data which showed a goodish recovery from a steep fall in January.
Data from the Office for National Statistics (ONS) showed UK retail sales increased by 2.1% in in February. Retail sales were still down by 3.7% on a year earlier, before the impact of the coronavirus pandemic.
Upbeat data supports upside, however, worries about Chinese sanctions on UK officials and a potential delay to the UK's vaccination campaign keep traders cautious.
GBP/CHF pullback has shown bounce off 21-EMA support. Scope for upside resumption rises as price action edges above 200H MA and 5-DMA.
The pair is now extending gains above 55-month EMA and momentum is with the bulls. Next major bull target lies at 1.34.
1.2805 (55-month EMA) is crucial level to watch, failure to close above will negate any further upside.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/ CNY remains soft ahead of Fed decision
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 



