CHFJPY BUTTERFLY BEAR |DAILY| SHORT

The CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry opportunity in order to potentially profit from the second part of the current move to the downside.

Good Luck