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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: bulls sweep all before their rally

Galina Svetlova

USD/JPY: bulls sweep all before their rally

We’ve got a “Deliberation” and a “Harami” at the local high, but they both haven’t been confirmed yet. It’s likely to see a support on the 34 Moving Average and an upward movement afterwards. As we can see on the Daily chart, there’s a correction inside the main bearish trend, so the current rise will likely go on soon.

USD/JPY: bulls sweep all before their rally

There’s an “Engulfing” pattern at the last high, but also we’ve got a “High Wave” on the nearest support line. So, the market is likely going to reach the next resistance on the maximum, which was formed in 2014.

JPY
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