USD/JPY: confirmed bullish 'Hammer'
Read the article on FBS website
There's a bullish 'Hammer', which has been confirmed. So, the price is likely going to achieve the 34 Moving Average in the short term. Meanwhile, this line could be a starting point for another decline towards the next support at 110.45.
The last bearish 'High Wave' is still unconfirmed, so there's an opportunity to have a local upward price movement. In this case, we should keep an eye on the closest resistance at 111.50 as an intraday bullish target.