GBPCHF continues downward?

The pound has weakened sharply after Carney-statements. The chart H4 shows an outside bar formation.

Light forming the above-mentioned formation to establish a lower low. At the closing the pair had dropped to 1,2387. It can mean that the correction is nearing its end.

The next target is located at 1,2240. If the formation is denied, we can expect a rise on the GBPCHF.

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