USD/JPY: confirmed bullish 'Hammer'

USD/JPY: confirmed bullish 'Hammer'


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.


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.



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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