with that strong bullish impulsive wave on the gbp/chf pair we'll expect more bullish power until we reach to the 161.8/261.8 FE area which is compatible with 1.21932/1.24309 levels and from there we can see a correction through the wave four of five .
here we're in a strong resistance level in wave (b of (y) we'll expect a drop through the wave (c ideally to 1.49297 level .
if the price breaks the 1.55478 the scenario will be invalidated .
after an impulsive wave to the downside that contains 5 motive waves which a wave a in the higher degree (Micro) , we anticipate more drop with a 5 waves after Forming a corrective wave pattern from 38.2 - 50 - 61.8 Fib level from the last Impulsive wave .
If the price breaks 60.99 level the scinario will be invalidated .