USD/JPY: 'Hammer' led to bullish rally

USD/JPY: 'Hammer' led to bullish rally

2304usdjpyH4 (1).png

The price has been rising since the last 'Hammer' was formed. However, the pair is approaching the upper 'Window', which could be a departure point for a bearish correction.

2304usdjpyH1 (1).png

The price went through the 'Window', so there's a new local high. It's likely that the market is going to continue moving higher until any reversal pattern forms.

jpy

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