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Will USDJPY make "W" pattern?

USDJPY is making W pattern in day candle . The double bottom pattern looks like the letter "W." The twice-touched low is considered a support level. The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
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IMG-20230408-WA0003.jpg
 

skrimon

Well-known member
The USDJPY is showing a W pattern in the day candle, indicating a potential reversal from a downtrend to an uptrend with the twice-touched low acting as a support level.
 
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