6 Months of Bull Run Wiped Out in 2 Weeks by Bank Shorts

USDJPY broke out of a long term weekly wedge trapping buyers with a 236 pip move to the upside. This was fully reversed and then returned to the wedge completing all the way to 105.4, closing the lower side wedge on Friday close.

This is a perfect long opportunity from current levels (although 104.5 is possible to reach first). DXY has taken a huge beating last two weeks and needs some recovery.

Targeting unsettled liquidity at 106, 107.2 & 108.4