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: bullish harami at H4

Galina Svetlova

USD/JPY: candlestick analysis

We've got a “Bullish Harami” at the last low. There’s a downward correction in progress, which can find a support at the 34 Moving Average line. If so, an upward movement might be resumed afterwards. As we can see on the daily chart, here's a “Harami”, which was confirmed last Friday. It’s likely that bulls are going to reach the nearest resistance.

USD/JPY: candlestick analysis

There’re a “Doji” and a “Three Methods” at the last high. The last candles are bearish, so the price are likely going to achieve the 89 Moving Average once again. If we see a pullback from this line, then bulls might come back to the market.

Scroll to top