In the previous week, we see GBPCHF rally after a recent drop in price, analysing with the renko brick charts, Price created an M pattern, which created a short rally at the beginning of this week for a retrace to the M bottom (1.21), I expect price to go move below from here towards 1.20380, if the bearish momentum is strong enough we could see 1.18.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !