GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our major support at 1.2884 (38.2% Fibonacci retracement). RSI (21) is also seeing a bearish exit where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.