USD/JPY: candlestick analysis
There’s a “Shooting Star” on the 89 Moving Average line, which has been confirmed enough, but at the same time a bullish “Harami” arrived at the last low, so it was a defining moment for resuming the upward correction. The last candles are bullish, so the price is probably going to achieve the 89 Moving Average line once again. As we can see on the daily chart, the “Window” acted as a support again and a bullish “Harami” was confirmed, so the current upward correction has some reasons to be continued.
We’ve got a “Hammer” at the last low, which has been confirmed by the last bullish candles. Moreover, a “Three Methods” was arrived as well as a “Doji” pattern, but it’s still without a confirmation. So, it’s likely that the current upward movement will go on.