Massive surge in the Yen at resistance and then a follow through drop.
The likelihood of a strong reaction in the 160 was discussed in the post below:
Question is, what happens now?
If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows.
However, if we make a low in this area - this might be the last big correction before the realisation of the generational USDJPY bullish breakout.
The likelihood of a strong reaction in the 160 was discussed in the post below:
Question is, what happens now?
If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows.
However, if we make a low in this area - this might be the last big correction before the realisation of the generational USDJPY bullish breakout.
Handel aktiv:
Long 154.26