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almmaye

Double bottom and the bullish RSI divergence support the bulls

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
almmaye  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Double Top or Bottom Technical Indicators DJ FXCM Index USDJPY usdjpylong bullishpattern Supply Zone
2
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chartpattern doubletoporbottom indicator usdollar usdjpy usdjpylong bullishpattern supplyzone
The USD/JPY pair saw a rally last week, but it eventually began to lose steam when it was unable to break through resistance close to 146.00, which resulted in a pullback towards support at 144.94.
Should bulls take back control of the market, technical resistance is seen at 147.3.
The broken neckline of the double bottom and the RSI bullish divergence support the bullish momentum.
Price action, simple and clean!
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