Hammer Pattern on USD/JPY Daily Chart

Discussion in 'Forex' started by DannyBly1, Apr 3, 2013.

  1. 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.