USD/JPY – Potential double bottom, trend reversal above 112.20
Rebound from 110.27 (Apr 4 low) if followed by a bullish break from the falling wedge formation would open doors for a rally to double bottom neckline level of 112.20.
Only a daily close above 112.20 would signal trend reversal – end of the retreat from 115.50 (Mar 10 high).
Only a daily close above 112.20 would signal trend reversal – end of the retreat from 115.50 (Mar 10 high).
