A bout of heavy selling pressure on the GBP/CHF currency cross this week has pushed prices back to the 29th June ‘20 lows, which is considered weak support at (1). Any pullbacks here should provide good selling opportunities for another leg lower. Medium to long-term small speculators have a bullish bias towards the GBP/CHF, whereas short-termers are selling aggressively. 11680/700 is a good resistance zone, and probably the last line of defence for the bears for the short term.