GBPCHF continues to fall after the earlier downward reversal from the major resistance level 1.22000 (which has been reversing the price from the end of April), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.22000 started the active short-term impulse wave (iii). Given the strength of the resistance level 1,2200 and the moderately bullish Swiss franc sentiment seen across the currency markets today – GBPCHF is likely to fall further toward the next round support level 1.20000 (low of the previous wave (i)).