CHFJPY is well over sold, it is also on under the 61.8 retrace which is the only factor that makes this not as good of a trade, it being so over sold means it needs a correction hence the short term long, however in the long run it should still be short unless it comes back and finds HARD strength on the 61.8 retracement
Comment:
It did correct the over sold conditions but a little lower than I expected we should start to see a down trend again soon, Keep in mind JPY news coming out today could effect the trade as well.