piphunters
Long

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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it looks to me same formation mate
snapshot

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Wave-Trader PRO Wave-Trader
snapshot
here is the old one
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piphunters Wave-Trader
thanks
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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.
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