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: "Window" on focus again

Galina Svetlova

USD/JPY: "window" on focus again

There’s a local bullish movement on the four-hour chart. Moreover, we’ve got a possible a “Three Methods” pattern in progress. When the current rise ends, the price is likely going to reach the nearest support line. As we can see on the Daily chart, here’s a “Hammer” at the last low, which has been confirmed. The pair went back to the previously broken “Window”. If any bearish pattern arrived, then a downward movement will probably resume.

USD/JPY: "window" on focus again

We’ve got a “Shooting Star” at the local high, but then the nearest support line wasn't broken afterwards. There’s a “Three Methods” on the 144 Moving Average, so the upward movement is likely going to be continued until any bearish pattern forms.

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