We've reached a double bottom on the USDJPY! . As many of you traders with pattern knowledge know, a double bottom is a very likely price reversal. Even though we're looking at the daily chart, this will reflect on the lower time frames, we're you'll find the chance to hop in at the time that suits you best. There's potential of hitting 109.907 before going beyond, as this indicates that we're about to hop on an uptrend.
Our confirmations on this occasion are: -> Falling channel highlighted in white -> Strong support levels around 104.114 -> Double bottom on 104.114 -> RSI double bottom