STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: bearish 'Engulfing'
There's a bearish 'Engulfing', which has been confirmed enough. However, if the 144 Moving Average acts as support, the market is likely going to test the upper 'Window' shortly.
We've got a bullish 'Hammer', which has been formed on the 55 Moving Average. At the same time, the nearest support is likely going to be tested once again in the short term.
Galya Svetlova
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