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AUDJPY Bullish Bias from Support

I see a double bottom on the hourly chart near support, confirming a potential reversal. I'll wait for a clean break before acting, with risk management front and centre.

Lena Brandt·Jul 3, 2026·1 min read

AUDJPY: Double Bottom on Hourly

I am watching AUDJPY for a bullish move from a recently tested support zone. The hourly time frame shows a double bottom pattern, which gives me a clearer context for a possible reversal. My approach is to let price confirm the breakout rather than anticipate it.

I always frame this in terms of risk first. The pattern is reliable when it holds above the neckline after the second low. Until that confirmation arrives, I stay patient and keep my exposure small.

Comments5

  • Priya Nair
    Nice setup 📈. Waiting for that clean break is smart — it helps avoid false moves near support. Just keep an eye on the RSI for momentum confirmation before entry.
  • Tom Fielding
    Double bottoms are everywhere until they fail. Price needs to clear the last swing high convincingly, not just the neckline, before I'd call it a reversal.
  • Sofia Reyes
    Double bottom near support does look promising, but isn't the hourly chart a bit too noisy for a clean reversal signal here? 🤔 I'd want to see how price reacts around the neckline before committing.
  • Hiro Tanaka
    Double bottoms at support are only valid if RSI confirms divergence—hourly RSI currently flat at 49, no divergence yet. Break above 96.80 needed for conviction.
  • Marcus Vega
    Double bottom is solid, but that's hourly timeframe noise 🚀🔥. Wait for daily close above 93.50 or you're just guessing at support.