292
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" going to act as support

USD/JPY: "Window" going to act as support

The price faced a resistance on the nearest “Window”, which led to the current downward correction. The last candles are bearish, so it’s likely to have a decline towards the 89 Moving Average. As we can see on the Daily chart, there’s a “Dark Cloud” pattern, which has been confirmed. So, the market is likely going to decline until any bullish pattern arrives.

USD/JPY: "Window" going to act as support

The last “Shooting Star” brought bears into the market. Also, we’ve got a confirmed “Doji”, so the price is likely going to continue falling down in the direction of the lower “Window”. If we see a pullback from this level, there’ll be an option to have a local upward correction.

Scroll to top