There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: price has reached the lower 'Window'
The last 'Three Methods' pattern pushed the price lower. Also, there's no any bullish pattern so far, which means the market is likely going to reach the lower 'Window' (108.44).
The price has reached the lower 'Window', but there's no any bullish pattern so far. If we see one little later on, there'll be an opportunity to have an upward correction towards the Moving Averages.
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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