Double Bottom in USDJPY?
I was hoping for a test of the old Gann 0/8ths line for USDJPY but it looks like we may have a bottom on the 1/8th line, which is none the less a powerful support level.
It looks like we have a potential double bottom in place, with pronounced divergence in place on the MACD and a counter-trend buy signal on a trend line violation and a Stochastic cross off it’s oversold level.
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