Confluence of two trend support lines suggest the pair will revert to mean and go back up. It might go from here, or reach the 200-day simple moving average first.
Trade active
The collapse of TRYJPY in the Jan 3 event supports my case.Trade closed manually
Closed, worked well for a couple of weeks.Note
Looking at this 5 months later, I was broadly correct.
David Atherton
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David Atherton
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.