Trend reversal downward stop hunt and quick recovery were seen yesterday in EURO and GBP to rise from today till week end.In chart analysis it may appear like pull back.But the traders shorted during drop are now trapped by the players.They do more drop during over sold condition and rise more during over bought condition to trap traders.The players know well the new Admin cannot make changes over night but they only created the feel in the market as if things can change over night.But the players bought by hitting lower level stops and are expected to sell to those coming for short covering.
Today EURO and GBP are expected to firm up towards close of Japanese session.Swing and spike up during European session .A drop during late European session and then further rise during US session are the expected moves.
Regards
Dr.Sivaraman
Operators' intentions read by 

it is hard to say, but it does look like V-shape drop in jpy pairs, and that was so far strong sign of reversal.
you market scenarios are quite good to have in mind. It helped me stay from the market harm few times.
best regards