The intra-day low at 90,19 mentioned on my earlier USD/JPY post gave us a clue of which were operators/market makers intentions.
Although if we take a look a the hourly chart, the bearish channel is being tested while I write this post but hasn’t yet been broken. Note bullish divergence on RSI and how the main bearish trendline channel resistance and 200SMA overlap.
In order to confirm the possible double bottom a close above today’s high at 91,60 is needed.
César B.Leiceaga.
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