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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: "Window" stopped bearish rally

USD/JPY: "Window" stopped bearish rally

We’ve got a “Harami” and an “Inverted Hammer” patterns at the local low. Also, there’s a “Tweezers” pattern, which has been strongly confirmed. So, the market is likely going to get a resistance on the 13 Moving Average in the short term. As we can see on the Daily chart, the bearish trend is still alive, so the current upward movement could be just a correction.

USD/JPY: "Window" stopped bearish rally

There’s an “Engulfing”, which has been formed on the lower “Window”. If we see a pullback from the nearest resistance, the price is likely going to test the “Window” once again. At the same time, if a pullback from this level happens, there’ll be an opportunity to have a new local high.

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