USD/JPY: "Hammer" and "Doji" patterns

USD/JPY: "Hammer" and "Doji" patterns


The last "Hammer" and "Doji" patterns led to the current upward price movement. If a pullback from the nearest resistance happens soon, we're likely going to have a bearish correction towards the lower "Window".


There isn't any reversal pattern so far, which means bulls are going to test the closest resistance in the coming hours. If we have a pullback from this level, there'll be an option to have a local downward correction.



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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