AlkalineFX

USDJPY: High Wipe

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The high wipe had to happen, we couldn't sell simply from a trendline breakout.

This was a trap, now that the trap is out of the way we can look for sell opportunities.

I expect one last purge of the highs before we collapse into equal lows.

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