Closed USDJPY @ 99.93, -73 pips

9.00 gmt

USDJPY has produced a bear trap on the hourly/4 hourly and I am taking my punishment here. Closed at a loss.

Closed UJ short (from 99.20) at 99.93, -73 pips.

However, the bigger chart looks like this is going to turn down soon, the up move is another bull-trap. But it may go to 101 before it turns down, so better exit and watch from the sidelines.

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