USD/JPY: the two "Inverted Hammers" in a row
The main trend is a still bearish. We've got a reversal “Inverted Hammer” on the nearest support line, but it hasn't been confirmed yet. So, the market is likely going to test this support once again. As we can see on the Daily chart, we don’t have any reversal pattern so far. Today’s candle is probably going to be a black one, but then we’ll likely see an upward correction soon.
We’ve got a “Harami” and an “Inverted Hammer” at the last low, which both have been confirmed enough. Therefore, the pair is likely going to get a support on the 34 Moving Average. If so, bears will be so happy to break yesterday's low.