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.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
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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it looks to me same formation mate
snapshot

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Wave-Trader TOP Wave-Trader
snapshot
here is the old one
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Wave-Trader TOP Wave-Trader
snapshot
here is the old one
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piphunters Wave-Trader
thanks
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