FX.co - USDJPY M15: Double Bottom (2024-12-20 06:59:54)

2024-12-20T06:59:54

Signal strength 2 of 5

USDJPY M15: Double Bottom

The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 156.85; the resistance level 157.33; the width of the pattern 48 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 45 points.

The M5 and M15 time frames may have more false entry points.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Technical Analysis Patterns

USDJPY M15: Double Bottom

Other patterns by USDJPY

FX.co ★ USDJPY M15: Double Bottom

Technical Analysis Patterns

USDJPY M15: Double Bottom

Other patterns by USDJPY