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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: candlestick analysis

Galina Svetlova

USD/JPY: candlestick analysis

The market has been falling down. Previously, a correction was ended by the “Shooting Star” on the 21 Moving Average line. All the last candles are bearish and there aren’t any reversal patterns, so it’s likely that the downward movement will go on. As we can see on the daily chart, a “Harami” hasn’t been confirmed, so it’s possible that the pair is going to get more selling pressure.

USD/JPY: candlestick analysis

Here’s a “Harami” at the last high and the 55 Moving Average line. Earlier, a “Three Methods” pattern has been formed that indicateed a bearish power. In the short term the price can reach the last resistance level once again and then starts falling from it.

JPY
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