1427
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

There’s an “Engulfing Bullish” and it's likely the end of local downward correction. So, the price might resume the upward correction. As we can see on the daily chart, the middle of big white candle is still act as a support.

USD/JPY: candlestick analysis

We’ve got a “Tower” at the last high. At the same time, there’re a “Hammer” and an “Engulfing Bullish” at the last low, so it seems like a reason to see the market higher. Moreover, the price got a support on the 55 & 89 Moving Average lines, which reinforces bullish expectations.

JPY
Scroll to top