USD/JPY: bullish "Hammer"

USD/JPY: bullish "Hammer"

1912usdjpyH4 (1).png

There's a bullish "Hammer", which has been confirmed. So, if a pullback from the lower "Window" happens little later on, there'll be an opportunity to have an intraday upward price movement.

1912usdjpyH1 (1).png

The price is consolidating inside the "Window". Also, we've got a bullish "High Wave", so the price is likely going to test the last high. If a pullback from this level happens, there'll be an option to have another decline.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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