Resistance: 78.40 moderate/78.62 strong/78.81 moderate
Support: 78.21 minor/77.99 minor
We have a high level bullish reversal pattern, Morning Star (Doji) in 4-Hour USDJPY charts. With prices just above a minor support we risk a technical correction for 78.40 a moderate resistance break of which opens up 78.62, the Pivot Point. Consider buys at market with stops just below 78.21 or the patterns low.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices