mlwinter
Long

USDJPY LONG IDEA

FX:USDJPY   U.S. Dollar / Japanese Yen
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Watch out for price action in blue box for rejection candles to enter long (bounce from 200 and 100 MA would be great). I think price is currently making a correction after a bullish move that broke two downward trend highs.
Comment: One more candle to complete ABCD. Then bull may come. Otherwise it might be that people are waiting for FOMC and BOJ this week before they put any position.

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