100 Pips Double Bottom - USD\JPY

A double bottom pattern has been formed at the USD\JPY pair - pattern is 100 pips in size and looks very precise. This is a reliable pattern in which price stops twice at the same support level - which eventually leads to a beginning of a bullish movement.

Trading: Enter long at the breakout, or at the pullback to the neckline. Target is 100 pips from the breakout location.