The Pound has reached an important technical cross point against the Swiss Franc. The pair represents the trade off between risk on and risk off sentiment in Europe. One can see that something is about to happen fundamentally, which will push the pair out of the ascending triangle pattern, which has formed from the lower trend line of junior pattern and the upper trend line of a dominant channel. In accordance with the technical patterns, the pair should break out of the pattern to the downside. Afterwards it could find support in the 55-hour SMA, which on Tuesday was located at the 1.2731 mark. Most likely the UK Construction PMI release on Wednesday at 8:30 GMT will release the pressure that is being built up in the triangle pattern.