USDJPY: Simple long setup

FX:USDJPY   U.S. Dollar / Japanese Yen
1183 4 28
The pair is in a new uptrend and a break out of the current smaller degree correction is a buying opportunity.

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Long term 100 level seems like a support and I agree it looks like we are headed for a new uptrend (weekly interval). However on lower time intervals (1W, 1D) it's overbought and it looks like an inminent correction.
it looks to me same formation mate
Wave-Trader Wave-Trader
here is the old one
Wave-Trader Wave-Trader
here is the old one
piphunters Wave-Trader
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