USD/JPY: "Hammer" brought a correction into the market
We’ve got two “Hammers” on the lower “Window”, but their confirmation isn’t enough. So, the price is likely going to test the nearest support once again and start to rise afterwards. As we can see on the Daily chart, the pair is trading under the “Window”. Despite of there isn’t any reversal pattern so far, the yesterday’s candle has a big shadow, which points to a possible upward correction.
There’re a “Harami” and a “Three White Soldiers”, which both have been confirmed enough. Moreover, we’ve got an “Evening Star” on the Moving Average line, so the bears are likely going to test the nearest support line during the day.