USD/JPY: "Hammer" pattern

USD/JPY: "Hammer" pattern

2019-11-11 • Updated

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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.

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