Direction unclear for GBP/CHF

GBP/CHF remains inside a well defined channel inside a well defined flag. A break above 1.2656 opens a possible attempt to take on the 200 sma at 1.2737 but this level will decline and form a strong treble resistance area in the future. To the downside a break of 1.2340 and flag support underneath opens up a move to test support at 1.2102.

Trading idea
BUY above 1.2419
SELL under 1.2337