USD/JPY: 'Inverted Hammer' pattern

USD/JPY: 'Inverted Hammer' pattern

2603usdjpyH4 (1).png

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.

2603usdjpyH1 (1).png

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.

jpy

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