underneath, top, bottom
When talking about photos and their position can we say:

In the top picture I can see....

In the picture underneath I can see...

In the picture at the top
In the picture at the bottom

Thanks

Question

underneath, top, bottom
When talking about photos and their position  can we say:

In the top picture I can see....

In the picture underneath I can see...

In the picture at the top
In the picture at the bottom

Thanks

Answer

http://www.womanmagazine.co.uk/wp-content/uploads/2012/02/STACK-SPRING2012.jpg

This is a stack of pictures..

On top of the stack is a picture of a family riding bicycles.

At the top of the picture I see the sky.

At the bottom of the picture I see the wheels of the bicycle.

Underneath the picture are more pictures in the stack.

Underneath the stack are pictures of a cat, a family camping, a mother and baby, and a child blowing bubbles.

Answer

Yes the first two examples you are speaking of the pictures position.
In the last two examples you are speaking of a position inside the picture.