The overall trend is downward. The ascending (blue) pattern ended with the breakout of an inclined channel. Stochastic Oscillator moving averages showed an exit from the overbought zone and are directed downward. A breakout of 1.1388 will result in the formation of a descending pattern within the overall downtrend.
Trading recommendations:
Sell below 1.1388.
Stop loss: 1.1650.
Target levels: 1.2650 (closing the order and transfer it to breakeven); 1.122.
GBPCHF online: monitor the movement of the pair in real time.