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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" made a good job

Galina Svetlova

USD/JPY: "Window" made a good job

The pair has been rising since a lot of reversal patterns were formed on the nearest “Window”. So, the market is likely going to reach the 34 Moving Average. As we can see on the Daily chart, there're an “Inverted Hammer” and a “Doji” at the last low, which both were confirmed by yesterday’s white candle. So, today’s candle is probably going to be a white as well.

USD/JPY: "Window" made a good job

Anyway, the current rise could be just a correctional part of the main bearish trend. The price reached the 89 Moving Average, which could act as a resistance. Considering that we haven't got any bearish reversal patterns so far, it's possible to see just a local downward movement and a new intraday high afterwards.

JPY
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