In my previous USDjpy' analysis, there was a very upwards channel that was about to break. The channel broke and it dumped in 2 waves, similar to this one. Now, it seems this pair has formed a very nice double bottom
formation. It looks almost perfect even. Normally the low should be set already, but when looking on the left there is possibly a bit more room to form a low just below the previous one. So the support of the double bottom
is the green area. There can always be a small wick, but i think it should not get below the blue zone.