USD/JPY: bullish "Hammer"

USD/JPY: bullish "Hammer"

2605usdjpyH4.png

There are a "Doji" and an "Engulfing", which both have been confirmed. In this case, the price is likely going to get resistance in the middle of the last huge black candle. If a pullback from this level arrives afterwards, there'll be an option to have another bearish price movement.

2605usdjpyH1.png

The 89 & 144 Moving Averages have acted as resistance, so we've got an "Inverted Hammer". Therefore, we're likely going to have an upward correction, but bears are still nearby, so there's a chance to have a new local low afterwards.

jpy

Similar

GBP/USD: 'V-Top' pattern

It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...

gbp

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera