Target hit. Lower Low made. Long.

TP = 1.2866 hit as the previous confirmation point (1.301050) got crossed activating the short. GBPCHF has now completed a Lower Low on the 1D Channel Down (RSI = 30.531) and should either consolidate or rise strongly for a new Lower High. We go long with TP = 1.28100, preparing to reverse to shorting there as the dominant trend remains bearish.