USD/JPY: "Hammer" increasing bullish pressure
There’s a “Harami” on the nearest “Window”. If this pattern confirms, bulls are likely going to move on. As we can see on the Daily chart, the price reached a “Window”, so the 21 Moving Average could bring any bearish pattern afterwards. If so, a downward correction becomes possible.
We’ve got a “Harami” and a “Tower” on the nearest resistance. However, there’re a “Hammer” and an “Engulfing” on the 13 Moving Average, so buyers are likely going to deliver a new low very soon.