Bids at 106.15 send USD/JPY back higher

Technical Analysis

Author: Adam Button | usdjpy

Possible double bottom on the intraday chart

USD/JPY is tracking the ebb and flow in equities closely today in a much quieter day.

It tried to break the Asian low of 106.18 earlier but the lows held. That raises the possibility of a double-bottom on the short term chart. Y

You would want to see a break of 106.80 as confirmation.