OptionalIdeas

Yen possible double bottom after todays crash

FX:USDJPY   美元 / 日圓
The Yen fell to the lows of march where it bounced forming a potential double bottom.

It's currently trading at the light purple trend line, however if it does not maintain above the light purple line I believe it will probably break down to 101.216

I'm switching to a neutral opinion of the Yen.

* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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