GBPCHF currency pair recently reversed up with the daily Bullish Engulfing from the support zone set between the key support level 1.15350 (which reversed the pair multiple times in June) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave (iii). Given the strength of the aforementioned support zone and the bullish divergence on the daily Stochastic indicator, GBPCHF currency pair can then be expected to rise further toward the next resistance level 1.17000.