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Johanes

USDJPY Bearish 102.00 and CHFJPY Bullish 118.00 (Hedging Trade)

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
Johanes Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Beyond Technical Analysis
5
0
beyondta
The U-shape bilateral currency band still indicates for USDJPY to bearish to 102.00 and the CHFJPY bullish to 118.00 based on estimation that USDCHF still bearish to 0.9100/0.9200 by U-shape bilateral currency band and CHFJPY multilateral currency band. Therefore, short trade on USDJPY versus long trade on CHFJPY is hedging trade for profit.
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