GBPCHF FORMING INVERTED FLAG PATTERN GBP/CHFOANDA:GBPCHFTraderAishDXBThe GBP/CHF currency pair is currently exhibiting a technically significant pattern on its charts, suggesting a potential continuation of its recent bearish trajectory. Analysts observing the price action have identified the formation of a classic inverted flag pattern, a structure typically interpreted as a bearish continuation signal within a downtrend. This pattern forms when a sharp, nearly vertical decline—representing the flagpole—is followed by a period of consolidation. This consolidation does not move horizontally but instead slopes upwards against the prevailing downtrend, forming the inverted flag itself. This upward slope represents a temporary pause and minor pullback as the market gathers momentum for its next leg lower. The critical juncture arrives when the price breaks downwards out of this consolidating channel, confirming the pattern and often triggering a resumption of the selling pressure. Current technical analysis suggests that the market is poised to complete this pattern by forming one more such inverted flag in the upcoming trading sessions. This would reinforce the underlying bearish sentiment and indicate that sellers are still firmly in control. Consequently, the near-term outlook for GBP/CHF remains weighted to the downside. Should this technical formation play out as anticipated, the market is projected to seek lower levels. The measured move implied by the pattern’s flagpole provides a potential downside target. Based on this projection, analysts are setting their sights on a decline towards the 1.07800 support level. A breach below this consolidation channel would be the key confirmation needed to validate this bearish forecast and signal a high-probability move towards the stated target. Traders will be monitoring for this breakdown as a potential catalyst for further selling.