Hammer Pattern on USD/JPY Daily Chart

DannyBly

Member
69 0
A hammer bullish reversal pattern formed on yesterday's USD/JPY chart.

Resistance overhead around 94.373.

This reversal is taking place within the context of a strong uptrend on the daily and weekly charts.

Keep in mind some important fundamental factors are in play.

A two-day Bank of Japan monetary policy meeting starts today, it's first lead by new Governor Haruhiko Kuroda.

 

TheLastBear

Active member
125 2
This pair went on a bounce only thanks to the Bank of Japan. Technical analysis has almost been rendered useless due to the manipulation by Japan.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock