Flash Crash to Setup Mega Rip in USDJPY?
Updated
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.
Trade active
Long 154.26 
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