Bullish hammer on 4h of NZDJPY
Using the fib retracement tool from the last dip we had to the recent top, it looks like this pair has reached the 50% retracement. Looking to if a bullish hammer candle is forming to get a potential confirmation that the pair is going to reverse from here. If we do reject the current area, there is a good chance that this pair will likely target 80.000 as the next major resistance.
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