USD/JPY: 'Gravestone Doji'

USD/JPY: 'Gravestone Doji'

0504usdjpyH4 (3).png

The last bullish 'Hammer' led to the current upward price movement. However, if we have a pullback from the nearest resistance area, there'll be time for a bearish correction towards the Moving Averages.

0504usdjpyH1 (3).png

There's a 'Gravestone Doji', which has been formed at the last local high. Meanwhile, if a pullback from the closest support forms in the coming hours, bulls are likely going to deliver a new local high.

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