Despite forming minor bullish channel recently, the GBPCHF price frequent consolidation below 1.1420$ barrier decreases the chances of resuming the rise now, to notice forming correctional bearish rebound by touching 1.1355.

 

We notice stochastic exit from the overbought areas to increase the temporary negative pressures on the price and allow us to suggest more decline to target 1.1320 and 1.1285$ levels soon.

 

The expected trading range for today is between 1.1320 and 1.1400$

 

Trend forecast: Bearish