GBPCHF currency pair recently reversed up from the strong round support level 1.20000 (which stopped wave (i) last month), intersecting with the lower daily Bollinger Band. The upward reversal from this support level 1.20000 stopped the previous short-term downward impulse waves (iii) and  Given the strength of the support level 1.20000, oversold daily Stochastic and bullish sterling sentiment seen across the FX markets today , GBPCHF currency pair can be expected to rise further toward the next resistance level 1.21000 (former strong support from March to May).