You have to be quick....

I outlined an area in the USDJPY in the 116.978-117.04. That held and the price moved to 117.20. But the price tumbled to and through that support only to find support at the next area at 116.84-87 where the 100 and 200 bar MA and 50% of the days range was found. BOUNCE (see chart below).

It tells me buyers showed up, but I would be lying if I did not say if you blink you would miss the opportunities.

In days like today you have to prepared and ready to put a toe in the water at levels you like it. If you get lucky, the decision becomes, take the 20-30 pips profit and go home, or do you stick with it, understanding that what was gained can be lost. The good news is if you get the toe in the water at the right time (and there were some opportunities on the dips), you are in charge with little risk. You do need be nimble as the moves have been pretty fast.