The GBP/CHF is still bearish, despite the retracement. If the market manages to stay below 1.2680 we should see a continuation down.
1.2635 zone is bearish for the pair. Rejections below are targeting 1.2596 and 1.2541. However a 4h close above 1.2635 might make a bullish move towards 1.2680. At this point we could see a continuation lower but watch for the GBP news today. Below 1.2541 we should see a move down towards 1.2495.
Many green pips,
Nenad Kerkez aka Tarantula FX