USD/JPY: candlestick analysis
The bullish rally become slower after a “Hummer” and a “Inverted Hummer” have been formed at the last minimum. At the same time, there’s a bearish “Three Methods” pattern as well, so it’s likely that we’ll see just a small correction and more selling pressure afterwards. The bullish "Hammer" has been formed on the daily chart.
There’s a correction in progress near the last minimums and we’ve got three bullish patterns: a “Hummer’, a “Morning Doji Star” and a “Tweezers’. The price movement has found a resistance at the 2014 minimum. There's still time for the correction, but it’s very likely that the main trend is going to continue soon.