Usdjpy at a critical point here 1.940. Longer TF 4hr has a nice cup with handle pivot 1.10. Shorter TF about to be negative, and the day's backdrop is obviously negative for dollar. Staying away.
Market has settled down. To me that suggests continuation of this reversal. Still staying out till I see a setup.
Got out of everything about two and a half hours after the London open. Only position that really made anything was EUR at 1.1937. Cad just wouldn't break 1.2760 hard. Now I see why, as it appears to have reversed, along with Usdjpy.
I could make a case that thats the end of the counter trend reversal. A couple of days, fairly quick and violent.