USD/JPY: "Doji" pushing price higher
Read the article on FBS website
We’ve got a “Hammer” and a “Tweezers”, but a confirmation of both patterns is a quite weak. Therefore, the market is likely going to test the nearest support once again. If a pullback from this level happens, there’ll be an opportunity to have an upward price movement.
The 34 Moving Average is acting as a resistance. Also, we’ve got bullish “Doji”, which has been confirmed. Therefore, bulls are likely going to test the 55 Moving Average in the short term. If a pullback from this line happens, bears will probably try to test the nearest support one more time.