GBP/CHF continues to fall inside the daily triangle chart pattern which was previously identified by Autochartist on the daily charts. Autochartist measures the quality of this triangle at the 6 bar level, which is the result of the above-average initial trend (6 bars), substantial uniformity (8 bars) and average clarity (5 bars). GBP/CHF is expected to fall toward the lower support trendline of this triangle, which is also confirmed by the next chart pattern setup shown below.
As you can see from the following chart, the pair also today broke the high-quality Up Channel chart pattern, which was also previously identified by Autochartist on the 4-hour GBP/CHF charts. Autochartist rates the strength of this breakout at the maximum, 10-bar level. Two different-type and different-time-scale chart patterns pointing in one direction increase the possibility GBP/CHF will continue to fall tomorrow.
