While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire. ... and this chart is foretelling that exact story!
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Put in an other way, does one wish to be in the heart of a dying Europe or next to a rising Asia? - This really is not a close call. But, fundamental analysis aside (which matters not), just follow the arrows.
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They're probably going to... ... Stop Hunt this, one more time, then it's over! SELL
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Trade active
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LONG - Target: 118.00
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LONG ... for now.
Trade closed manually
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Wait for it!...
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SHORT Target: 113.80
Trade closed: target reached
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FLAT; +25 pips
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SHORT
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Looking to SHORT this... ... off of the 115.60 level.