USDJPY has formed a 'Hammer' candlestick pattern near multiple support zone of 108.60.
Momentum indicator RSI shows a bullish hidden divergence in the pair.
The pair is expected witness a bounce till 111 levels from here on.
Thus, a long entry can be made taken here with stop loss of 108.50 for the target of 111.
Momentum indicator RSI shows a bullish hidden divergence in the pair.
The pair is expected witness a bounce till 111 levels from here on.
Thus, a long entry can be made taken here with stop loss of 108.50 for the target of 111.