USDJPY Dec 08 to Dec 12 Outlook

Recap
First test of year high led to a pullback to Y-0 but no break of support. 2nd try did the trick and sent ninja to above Y+2. That in turn triggered a massive short squeeze into the end of the week. Closed the week above Y+4 and near week high.

Outlook
Short squeeze often mark the end of a trend too. Ninja entering the historically significant resistance zone which can lead to very wild swings. Strong reaction to B+1 will give us a pullback to 120 area easily.