USD/JPY: 'Inverted Hammer' pattern

USD/JPY: 'Inverted Hammer' pattern

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There's a "Piercing Line", which has been formed at the last local low. So, we should keep an eye on the Moving Averages as an intraday bullish target.

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We've got an "Inverted Hammer", which has been confirmed by the last "Three Methods" pattern. So, bulls are likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline.

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