The Bearish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.0787/1.0789 while the upper boundary lies at 1.0787/1.0789. The projection of the flagpole is 6 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.0787 is broken, the price will move further downwards.