USD/JPY - huge long opportunity ?
After huge move to the upside in the March, price is moving in corrective channel, so very likely, price will continue in some sort of uptrend, that started in March. We got triangle in wave "B" of the wave "Y", so that should also be good confirmation, that this recent move down should be the last one, before uptrend continues.
What a gigantic bounce. These parabolic moves just off the bottom are not usually the long term bottoms, so I think we will see new low and then final reversal.