There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: lower 'Window' acted as support
There's a bullish 'Hammer', which formed on the 34 Moving Average. So, the pair is likely going to test the nearest resistance in the short term.
The lower 'Window' acted as support, so we're likely going to have an upward correction soon. Nevertheless, if a pullback from the nearest resistance happens little later on, there'll be a moment for another decline.
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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