USD/JPY: "Hammer" and "Inverted Hammer"

USD/JPY: "Hammer" and "Inverted Hammer"


We've got a "Hammer" and an "Inverted Hammer" at the local low. So, the price is likely going to test the last high in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline towards the Moving Averages.


The 55 Moving Average has acted as a support, so we've got an "Inverted Hammer", which has been confirmed enough. Therefore, the pair is likely going to test the upper "Window" in the coming hours.



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