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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: "Doji" beat back “Three-Line Strike”

Galina Svetlova

USD/JPY: "Doji" beat back “Three-Line Strike”

We've got a “Three-Line Strike” pattern, which did a good job, but it was stopped by a “Doji” at the last high. So, it’s time for a local downward correction. As we can see on the Daily chart, there’s a “Hanging Man” at the last high, which is likely going to be confirmed on Friday.

USD/JPY: "Doji" beat back “Three-Line Strike”

There’s a “Tweezers” at the last low, which has been confirmed. Currently, a possible “Three Methods” pattern is going to be ended soon. Therefore, the previously formed “Harami” might act as a support. If so, bulls will have a chance to reach the last high.

JPY
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