There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: bullish 'Three Methods' pattern
The market has been moving up since a 'Hammer' formed on the Moving Averages. Also, there's no any reversal pattern so far, which means the pair is going to test upper 'Window' soon.
There's a bullish 'Three Methods', so the price is rising. It's likely to have a local downward correction towards the Moving Averages during the day. A pullback from the nearest one could be a starting point for another bullish rally.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
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A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.