As I mentioned yesterday, the interbank market is convinced that there are more gains in store for the CHF and it is the strongest factor of all which is leading the way; weight of money. CHF buyers have abounded over the last 6 months and now that the market liquidity has reduced significantly, the moves in the CHF are becoming more extreme. GBP/CHF broke below a previos chart low overnight and EUR/CHF has touched its previous low. Trying to pick a bottom in any of these CHF pairs is a hazardous occupation.