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Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

USD/JPY: bulls going to deliver deeper correction

USD/JPY: bulls going to deliver deeper correction

We’ve got a “Hammer” and a “Harami” at the last lows, which both have been confirmed. So, bulls are likely going to test the nearest resistance line. As we can see on the Daily chart, there’s an “Inverted Hammer”, so an upward correction has a reason to be continued. 

USD/JPY: bulls going to deliver deeper correction

There’re an “Engulfing” and a “Three White Soldiers”. Also, we’ve got a strong resistance by the 34 Moving Average. Under this circumstances, the main intraday target is the 89 Moving Average. 

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