STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: confirmed 'Doji Star'
There's a 'Doji Star', which has been confirmed, so it's likely that the pair is going to reach the nearest resistance at 111.63. If a pullback from this level happens next, there'll be a moment to have a decline towards 110.82.
We've got a 'Shooting Star', which has been confirmed, so the market is going to test the nearest support at 111.23 soon. This level could be a departure point for another bullish rally towards the next resistance 111.63.
Galya Svetlova
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