USDJPY Morning Star (Doji) 4-Hour Chart

Resistance: 95.08 strong / 96.38 moderate / 97.39 minor Support: 94.07 moderate / 92.78 minor / 91.76 minor USDJPY has a bearish bias though 4-Hour charts has formed a bullish reversal pattern Morning Star (Doji). With a strong resistance at 95.08, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 95.08 before buying. Immediate target is 96.38 then on to 97.39. Stops should be placed below the patterns low.

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USDJPY Morning Star (Doji) 4-Hour Chart

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