USD/JPY: bullish

USD/JPY: bullish "Hammer"

2019-11-11 • Updated

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We've got a bullish "Hammer", which has been confirmed. Also, there's a "Doji" on the 144 Moving Average, but this pattern remains unconfirmed. So, bears are likely going to test the nearest support level shortly.

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We've got bearish patterns such a "High Wave" and a "Harami", so we could have a correction in the direction of the lower "Window". If a pullback from this level happens, there'll be an opportunity to have another upward price movement.

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