GBPCHF currency pair recently reversed up from the support zone located between the support level 1.28000 (which has been reversing the price from the start of March), 50% Fibonacci correction of the earlier upward price impulse from the end of February and the upper trendline of the recently broken sharp daily up channel from January. Given the sharp daily uptrend and the continued Swiss franc bearishness seen across the currency markets today – EUR GBPCHF JPY currency pair can be expected to rise further toward the next round resistance level 1.30000 (top of the previous impulse wave (iii)).