USD/JPY: bullish 'Hammer'

USD/JPY: bullish 'Hammer'

2504usdjpyH4 (1).png

There'a bullish 'Hammer', which has been formed on the lower 'Window'. In this case, the market is likely going to test the upper 'Window" pretty soon. If any bearish pattern forms afterwards, there'll be a moment for a downward correction.

2504usdjpyH1 (1).png

There're two bearish 'Engulfing' patterns in a row so that we could have a local correction. Even so, bulls are likely going to reach the next resistance area little later on.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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