OptionalIdeas

Yen possible double bottom after todays crash

FX:USDJPY   U.S. Dollar / Japanese Yen
The Yen fell to the lows of march where it bounced forming a potential double bottom.

It's currently trading at the light purple trend line, however if it does not maintain above the light purple line I believe it will probably break down to 101.216

I'm switching to a neutral opinion of the Yen.

* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.