USD/JPY: "Hammer" on Moving Average

USD/JPY: "Hammer" on Moving Average

There's a correction, which is taking place around the "Window". Also, there's a bullish "Hammer", which has been confirmed. If the 21 Moving Average acts as a support, bulls are likely going to break the last high.

The 34 Moving Average is acting as a support, so we've got a "Hammer" on this line. If this pattern confirms, the market is likely going to test the upper "Window" once again. However, if we see a pullback from this level, bears will have a chance to achieve the closest support area.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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