USD/JPY: "Inverted Hammer" at the last low

USD/JPY: "Inverted Hammer" at the last low

1905usdjpyH4.png

There's a "Tweezers" pattern at the local high, but the last bullish "Hammer" is still on the table. Therefore, the market is likely going to rise towards the Moving Averages in the coming hours.

1905usdjpyH1.png

We've got an "Inverted Hammer" at the last low, which has been confirmed enough. Also, there's a bearish "Tweezers", so bears are likely going to test the nearest support level during the day. If a pullback from this level happens, bulls are going to deliver a new high.

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