South African Rand/Japanese Yen
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ZARJPY bottoming pattern

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Like what I see here on ZARJPY. On the daily chart, we can see we hit a major support zone.

On the 4 hour, we have been in a downtrend with lower highs and lower lows. However, the downtrend seems to be exhausting.

We are seeing a double bottom here and even possibly a head and shoulders if we reject the neckline depicted and make a higher low.

I would await for a nice break and close above the 7.075 zone.

USDZAR is quite interesting as well. Perhaps some Rand strength in the short term.

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