362
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" acted as a strong support

USD/JPY: "Window" acted as a strong support

There’s a resistance by the 13 Moving Average. Also, we’ve got a ‘High Wave” and an “Engulfing” patterns at the local high, so the price is likely going to test the nearest “Window”. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance. Therefore, bears are likely going to move on.

USD/JPY: "Window" acted as a strong support

We’ve got a “Harami” and an “Engulfing” patterns, which both have been confirmed enough. So, the market is likely going to get a support on the closest “Window”. If a pullback from this level happens, there’ll be an opportunity to have an upward movement in the direction of the 21 Moving Average. 

Scroll to top