- GBPCHF broke major support level 1.2270
- Further losses are likely
GBPCHF today broke below the major support level 1.2270 – which has been reversing the price from the start of January.
The breakout of the support level 1.2270 continues the active short-term impulse waves (v) and 5.
GBPCHF is expected to fall further and retest the next key support level 1.2000 (target for the completion of the active impulse wave 5).