rolledup
Long

There is a risk of one more correction for USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
58 0 2
It is encouraging to touch 122.00 and hold it. But there is a risk of two more waves (D) (E) before entering the impulsive phase. Wait and see how the current rally plays out, and go from there. As long as we hold above major trendlines, buy dip is the better play.
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