USD/JPY: bullish "Hammer"

USD/JPY: bullish "Hammer"

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The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.

1203usdjpyH1 (1).png

There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.


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