GBPCHF reversed sharply lower off 1.5572 (November 16, 2015 YTD high, near the of the 1.8114/1.1463 June 2009/August 2011 fall) to breach 9-month support (as shown on the weekly chart). The weakening indicators suggest scope remains for further downside towards the 1.4535 higher low (October 12, 2015). Below would open the 1.3816 reaction low (May 4, 2015).
However, if the 200-week moving average (black line) currently at 1.4777 manages to hold the slide, that would prolong the consolidation within the . Only an upside push through the 1.5572 key would confirm return of strength and bolster for 1.6006 (November 15, 2010 lower high).