USD/JPY has made a habit of forming big double bottoms in recent months; first there was 87.10 then 88.00 more recently and now the hourly chart is trying to form a double-bottom at 88.75 with a neckline close by at 89.15. If you’re bullish, this looks like an excellent possibility for entry with a stop below 75. Since breaking above 89.15 early in the NY session, the market has been unable to break back below that level- another excellent bullish indication.
Not my side but a nice technical set-up.
