The GBPCHF market is short term bullish with rallies at a target level around 1.2347. A close over 1.2347 is bullish and could launch some type of blow off to 1.2407. However, suspect a pullback up near 1.2227. Near term corrective action holding over 1.2250 should keep trade aligned for rallies. Closes under 1.2227 and 1.2190 are bearish.