USDJPY Oct 19 to Oct 23 Outlook

Recap
Y-0 resistance sent ninja down to Y-1. Y-1 failed to hold it up and led to a slide down to Y-2 and a retest of the spike low at Y-3. Ninja bounced to Y-2 and then collapsed down to Y-4. Spike reversal happened right after. Closed the week below Y-1 and above midpoint.

Outlook
Spike reversal often has follow thru actions. If Y-1 is cleared decisively, we get the slingshot affect for a run to Y+2 / B+2.