Hello,
Lets look at GBPCHF this time. GBPCHF has been falling since 4August. It fell from 1.285 to 1.228, total of 500 pips.
It is now trading at a crucial level as this 1.22/ 23 zone has been tested several times in March June and July.
I am confident that this pair will bounce from here to conservative targets at 1.26 and 1.28.