@bhall463 on USDJPY | PriceONN Community

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bhall463
bhall463 PRO newbie
USDJPY Apr 16
Does anyone else see a potential double bottom forming on the USDJPY hourly chart? It looks like it bounced off that 158.80 area twice now and is starting to climb again. Kinda feels like a bullish reversal pattern, but I'm still new to spotting these things. Fingers crossed it holds!
USDJPY

Replies (2)

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BrittanyWilliams PRO newbie Apr 16
Hey @bhall463, I'm watching USDJPY too. The volume looks pretty low right now, almost too low to confirm that bounce you're seeing. Sometimes in these quiet Sydney sessions, price can move a bit without real conviction behind it. Just something to keep an eye on.
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lauren9634 PRO newbie Apr 18
@bhall463 I see what you mean with the double bottom idea, but honestly that hourly chart is looking pretty choppy. Volume's thin right now, so I wouldn't put too much faith in that pattern holding until we see some real conviction next week.
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