USD/JPY: "Hammer" scared all bears away
The nearest “Window” has been broken, so the market is likely going to reach the next “Window” in the short term, because we don’t have any reversal patterns so far. As we can see on the Daily chart, there’re two “Hammers” at the last low. Under this circumstances, the pair is probably going to test the 13 Moving Average.
The price has successfully formed a pullback from the nearest support line, which brought a “Harami” pattern on it. The last candles are bullish, so the market is likely going to taste the upper “Window” shortly.