Despite the minor rally after the open, I anticipate the pair to hold within the downward trending egress, and expect the franc-yen to work its way towards the overbought territory, Currency Pair: CHF/JPYChart: forex 30 Min ChartsShort-Term Bias: Bearish Analysis Update After peaking to a high of 81.55 during the overnight trading session, the CHFJPY has moved lower as expected to fall back below the 120 SMA. In addition, the RSI continues to push its way towards the October lows over the week as risk sentiment continues to drive price action in the currency market. The lack of momentum to push higher suggests that the pair may work its way back to the October lows over the week. Currency Pair: CHF/JPYChart: 30 Min ChartsShort-Term Bias: Bearish Analysis Update After peaking to a high of 81.55 during the overnight trading session, the CHFJPY has moved lower as expected to fall back below the 120 SMA. The interest differential between the Swiss franc and the Japanese Yen continues to favor a bearish outlook for the CHFJPY as investors curb their appetite for high-yielding assets, and the pair may work its way towards the overbought territory, which suggests that the pair may fall lower over the remainder of the trading session, but a short-term correction could be in the works as forex trading the pair moves back to the October lows over the week as risk sentiment continues to drive price action in the currency market. However, the fundamental event risks scheduled for the next 24 hours may call for a change in our outlook. Despite the minor rally after the open, I anticipate the pair to test the October low of 78.78 over the near-term. After gapping at the beginning of this week session, the pair jumped higher to fill-in the gap and has gabe above the 120 SMA. Meanwhile, the Japanese yen may continue to abstract the benefits of its safe haven status as investors limit their appetite for high-yielding assets, and the pair may fall lower over the remainder of the trading session, but a short-term correction could be in the works as the pair moves back to the October lows over the week. The interest differential between the Swiss franc and the Japanese Yen continues to favor a bearish outlook for the CHFJPY as investors curb their appetite for high-yielding assets, forex signals and the pair may work its way back to the downside. However, the fundamental event risks scheduled for the next 24 hours may call for a change in our outlook. The interest fraction differential between the Swiss franc and the Japanese Yen continues to favor a bearish outlook for the CHFJPY as investors cool off their appetite for risk, and a break below last weeks low of 79.38 could lead the pair to test the October low of 78.78 over the near-term.