Studies of the GBP/CHF charts suggest the pair is reaching a strong support zone that might offer some near-term relief, however confidence in Sterling's ability to resist the Franc's advances is low.
Read more: Pound-Franc Rate Reaches Support Zone Raising Possibility of Bounce
Studies of the charts suggest the GBP to CHF exchange rate will probably trade with a bearish bias, but risk trends and a ruling on CHF-denominated mortgages in Poland should offer volatility.
Read more: Pound-Franc Rate Forecast to see Further Downside to Midpoint of Previous Uptrend, Risk Trends and...
The Pound-to-Franc exchange rate is trading at around 1.2334 at the time of writing after falling 2.00% last week and studies of the charts suggest a continuation of the new uptrend, subject to a break above recent highs.
Read more: Pound-Franc Exchange Rate: 'Measured Move' Price Pattern in Control, SNB Ahead
Studies of the GBP/CHF charts are turning increasingly bullish and suggest the establishment of a new uptrend, though tough resistance stands in the way of further gains and longer-term charts are ambiguous.
Read more: Pound-Franc Rate's Rally Bounces into a 'Glass Ceiling'
Swiss investment bank Julius Baer have recommended clients 'go long' on Sterling against the Swiss Franc, saying "a recovery has likely started."
Read more: Bet on the Pound Against the Franc: Julius Baer