- GBP/CHF reversed from resistance level 1.2400
- Likely to fall to support level 1.2140
GBP/CHF recently reversed down from the resistance level 1.2400 (top of the previous wave (a)), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from February.
The downward reversal from the resistance level 1.2400 stopped the previous short-term impulse wave (a) from last month.
GBP/CHF can be expected to fall further toward the next support level 1.2140 (which has been reversing the price from December).

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