We do the reversed of what happened overnight

An Asian forex traders  folklore: We invariably do exactly the opposite of whatever happened overnight i.e. US session. Look at the 15 min chart of USDJPY above. 

The low of yesterday session at C was at fibo expansion(projection) of 261.8 of swing high at A to swing low at B (the low point prior to the massive USDJPY breakdown). From point C, a fibo retracement is fitted from A-C, with early Asian session prices reversing upward with a higher low. For the first hour  of Tokyo session(started from 23:00 GMT), USDJPY is hovering at 23.6% retracement readying itself for advancement to 38.2%. 

Refer to the 1 min USDJPY chart below. At 00:05 GMT I took the buy signal of B&S and LCD with the blue lag moving passed the 15 level three min earlier. Price also crossed over the 60 ema. My long position has a profit target at 38.2% which is at 98.45. At this level the 15 min 60 period ema acts as a resistance level and 2.618 extension of the previous immediate high low swing of 98.21- 98.06.