GBP/JPY Performed a Double Bottom After MACD Divergence.
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The price has performed a double bottom pattern on the D1 chart, Also, while the price created the double bottom the MACD created a higher low, which's called MACD divergence. The combination of double bottom and MACD divergence creates a great setup for buy position. If the price will break the resistance above I'll look for a buy signal, If the price will move down toward the demand below I'll buy at the demand, For both options, the target will be the resistance at the top