360
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: resistance waiting for price

USD/JPY: resistance waiting for price

We’ve got a “High Wave” and an “Engulfing” patterns, so bulls are likely going to test the upper “Window” once again. As we can see on the Daily chart, there’s an “Engulfing” at the last high. In this case, there’s an opportunity to have another decline right after the current bullish correction.

USD/JPY: resistance waiting for price

There’s a “Harami”, which has been confirmed enough. Considering that the price is trading above the last “Window”, it’s likely that the market is going to reach the nearest resistance. If we have a pullback from this level, bears will probably try to deliver a downward price movement.

Scroll to top