Hammer Pattern on USD/JPY Daily Chart | Currency Futures


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Hammer Pattern on USD/JPY Daily Chart

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Chicago USA
 
 
Posts: 2 since Jan 2012
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Hammer Pattern on USD/JPY Daily Chart

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.

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