USD/JPY: "Window" acted as support

USD/JPY: "Window" acted as support

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The lower "Window" acted as support, so the price is consolidating. Also, there's an "Inverted Hammer", so the pair is likely going to test the 34 Moving Average, which could act as resistance.

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We've got a bullish "Hammer" at the last low. So, the market is likely going to reach the nearest "Window". If we have a pullback from this level, bears will probably try to deliver another decline.

jpy

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