USD/JPY: confirmed bullish 'Hammer'

USD/JPY: confirmed bullish 'Hammer'

2707usdjpyH4.png

There's a bullish 'Hammer', which has been confirmed. So, the price is likely going to achieve the 34 Moving Average in the short term. Meanwhile, this line could be a starting point for another decline towards the next support at 110.45.

2707usdjpyH1.png

The last bearish 'High Wave' is still unconfirmed, so there's an opportunity to have a local upward price movement. In this case, we should keep an eye on the closest resistance at 111.50 as an intraday bullish target.

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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.

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