There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/JPY: price to reach the upper 'Window'
The price has broken the Moving Average lines because of the last 'Three Methods' pattern. It's likely that the market is going to reach the upper 'Window' (112.65) in the coming hours. If a pullback from this level happens little later on, bears will probably try to achieve the previously tested support at 110.32.
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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