The data is here: Japan data – September CPI Headline +2.5% y/y (vs. +2.5% expected) USD/JPY is not doing much in response, hovering near 150.20: USD/JPY seems to get up again everytime it takes a hit lower. This article was written by Eamonn Sheridan at www.forexlive.com.
It’s pretty cool how it shows potential reversals after a downtrend. I think a lot of traders miss the Inverted Hammer, though! It can signal a bullish reversal too, and I’ve found it super helpful for spotting entry points.
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