The Swiss franc weakened against the other major currencies in the early European session on Monday.
The Swiss franc fell to a 5-day high of 122.18 against the yen, from an early low of 121.26.
Pulling away from early lows of 0.9845 against the U.S. dollar, 1.5384 against the pound and 1.2038 against the euro, the Swiss franc edged up to 0.9804, 1.5319 and 1.2029, respectively.
If the Swiss franc extends its uptrend, it is likely to find resistance around 123.50 against the yen, 0.97 against the U.S. dollar, 1.51 against the pound and 1.19 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com