After 11 consecutive bearish days of GBPCHF this pair may have already hit the bottom and we can expect some correction any time now. But, as you can see in the chart, GBPCHF still has a little room down in the next couple of days in order to complete Head & Shoulders pattern. Notice the blue arrows of H&S legs are of the same length, and if the current bearish leg would consist of the same duration as the first 12 days bullish leg, we may see the bottom before the week end. Several indicators show a stronger support at around 1.27. Then we may witness some bullish reversal that is going to test daily 100 MA or weekly/monthly 20 MA around 1.2975 do 1.3135.