USD/JPY – Potential Double Bottom Reversal PatternJAPANESE YEN / U.S. DOLLARFX_IDC:JPYUSDHenrybillionUSD/JPY – Potential Double Bottom Reversal Pattern Suggests Short-Term Upside Move The USD/JPY pair is showing signs of forming a potential double bottom reversal on the H1 timeframe, with price reacting strongly from the support zone around 0.00647. The structure indicates that buyers are stepping in near this level, protecting liquidity and building a base for a possible bullish move. A break and retest setup appears to be forming, supported by rising momentum. If price continues to hold above the demand zone, a short-term rally toward the 0.00654 resistance area could be expected — aligning with previous structural highs. Key Levels to Watch: Support zone: 0.00646 – 0.00647 Immediate resistance: 0.00654 Bullish target: 0.00655 – 0.00656 Invalidation level: Below 0.00646 Trading Plan: Look for bullish confirmation around the support zone. A successful rebound with volume could open a buy opportunity toward the upper resistance range. Stop-loss should remain below the structure low to manage risk effectively. Price action traders should monitor whether the pattern completes with higher highs and sustained momentum. Follow for more daily strategies and chart insights — save this idea if you find it helpful.