GBPCHF currency pair recently reversed up from the support area lying between the support level 1.26000 (which has been repeatedly reversing this currency pair from the start of March), lower daily Bollinger band and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal form this support area is aligned with the prevailing uptrend that can be seen on the daily charts. Given the improving sterling sentiment – GBPCHF currency pair can be expected to rise further toward the next resistance level 1.2800 (which stopped the previous waves (ii), (a), B and (ii)).