522
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" under the bearish pressure

Galina Svetlova

USD/JPY: "Window" under the bearish pressure

We’ve got a “Tweezers”, a couple of “Hammers” and an “Engulfing”, which all have been confirmed by the last bullish candle, but this confirmation isn’t enough to expect the end of the downward trend. At the same time, the market is likely going to reach the 21 Moving Average. As we can see on the Daily chart, there're an “Inverted Hammer” and a “Doji” at the last low. So, today’s candle is probably going to be a white one.

USD/JPY: "Window" under the bearish pressure

There’s a flat in progress in the one-hour chart. We’ve got an “Evening Star” pattern on the 34 Moving Average. So, it's possible to see a local downward correction during the day. However, if any bullish pattern arrives afterwards, it'll be a chance to see an achievement of the 55 Moving Average.

JPY
Scroll to top