451
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: pullback from "Window" led to massive decline

USD/JPY: pullback from "Window" led to massive decline

We’ve got an “Engulfing” pattern, which has been confirmed. Also, there’s a “Shooting Star” pattern, so the price is likely going to get a support on the 13 Moving Average line in the short term. As we can see on the Daily chart, a bullish “Harami” has been confirmed, so bulls are going to test the 21 Moving Average.

USD/JPY: pullback from "Window" led to massive decline

The upper “Window” has acted as a resistance, which led to the current decline. However, considering the last “Hammer” pattern, there’s an opportunity to have an upward movement during the day.

Scroll to top