CHFJPY - 240 - There might be a bit of downside

Quick idea.

Given that the indices keep on hitting new highs, it won't be long when we will see a bit of correction in them. Such activity might raise interest in the yen. And looking at the technical picture of CHFJPY, it seems that there could be a potential correction in the works.

Please see the chart for details.

Don't forget your stop-loss.