USD/JPY: pair to test 89 Moving Average

USD/JPY: pair to test 89 Moving Average

2607usdjpyH4.png

We've got a 'Hammer', which hasn't been confirmed yet. In this case, the pair is likely going to test the 89 Moving Average (111.13). If a pullback from this line happens next, there'll be an opportunity to have a decline towards the lower 'Window' (110.20).

2607usdjpyH1.png

There's a bullish 'Doji', which has been confirmed. So, we should keep an eye on the 34 Moving Average (111.13) as an intraday target. A pullback from this line could be a starting point for a bearish price movement in the direction of another support at 110.20.

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