USD/JPY:  'Inverted Hammer' led to advance

USD/JPY: 'Inverted Hammer' led to advance


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.


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.



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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