GBPCHF remains confined within a well-defined descending channel while also respecting a secondary, tighter channel within it. Price has recently tested vertical resistance and is showing clear exhaustion, forming a head and shoulders pattern on the lower timeframe. Simultaneously, RSI divergence confirms weakening bullish momentum, signaling a potential reversal. A clean break below the neckline of the H&S structure would provide a high-probability short setup, with downside targets aligning with key support levels inside the broader bearish structure. However, a strong breakout above resistance could invalidate the setup, requiring reassessment for potential bullish continuation.