USD/JPY:  'Inverted Hammer' led to advance

USD/JPY: 'Inverted Hammer' led to advance

0407usdjpyH4.png

We've got a bullish 'Harami', which has been confirmed. So, the pair is likely going to reach the nearest resistance at 110.67. A pullback from this level could be a starting point for another decline towards the 34 Moving Average.

0407usdjpyH1.png

The last 'Inverted Hammer' led to the current upward price movement. The main intraday target is the upper 'Window' (110.67). If we have a pullback from this level, bears will probably try to reach the next support at 110.18.

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