USD/JPY:  bullish "Hammer"

USD/JPY: bullish "Hammer"

1810usdjpyH4-1.png

The 55 Moving Average acted as support and we've got a "Three Methods" pattern, so the price is rising. It's likely that the pair is going to test the next resistance in the short term.

1810usdjpyH1-1.png

There's a bullish "Hammer", which has been formed at the last local low. The price reached the upper "Window", but there isn't any reversal pattern so far. In this case, the price is likely going to climb even higher in the coming hours.

jpy

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