USD/JPY: "Hammer" pattern

USD/JPY: "Hammer" pattern

2712usdjpyH4 (1).png

There's a "Hammer" pattern, which has been formed on the 21 Moving Average. So, the market is likely going to test the upper "Window" in the coming hours.

2712usdjpyH1 (1).png

The 55 Moving Average acted as support, so we've got a "Harami" pattern on this line. Therefore, there's an opportunity to have a new local high in the short term.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

USD/JPY: bullish "Doji"

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .


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