Hammer Pattern on USD/JPY Daily Chart

NexusFi · 2013-04-03T04:14:41-04:00

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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Updated April 3, 2013

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Hammer Pattern on USD/JPY Daily Chart

April 3rd, 2013, 04:14 AM	#1 (permalink)
Dan Blystone Chicago USA Posts: 2 since Jan 2012 Thanks Given: 0 Thanks Received: 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.