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USD/JPY: 'Inverted Hammer' led to advance

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We've got a bullish 'Harami', which has been confirmed. So, the pair is likely going to reach the nearest resistance at 110.67. A pullback from this level could be a starting point for another decline towards the 34 Moving Average.

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The last 'Inverted Hammer' led to the current upward price movement. The main intraday target is the upper 'Window' (110.67). If we have a pullback from this level, bears will probably try to reach the next support at 110.18.

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