GBPCHF has been in a steady downtrend for some time now. Sterling has been underperforming as of late however it does appear that there could be some movement to the upside soon. The price has fallen down to test the 1.2161 area that has acted as a support level before. The RSI indicators on the 4hr chart are oversold at 10. Tomorrow the Uk will reveal the YoY Inflation rate that will impact pound pairs across the board. The target for this trade is a retest of the descending trend line at 1.223 and the stop-loss area for this trade is at 1.208.