USD/JPY: 'Window' acting as support

USD/JPY: 'Window' acting as support

Information is not investment advice

The 'Window' is acting as support. Also, there's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test the nearest support at 108.88. The subsequent pullback from this level could be a starting point for an upward price movement towards the closest resistance 111.47.

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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