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.
Comment:
Looking at this 5 months later, I was broadly correct.
David Atherton