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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: "Tweezers" settled all issues

Galina Svetlova

USD/JPY: "Tweezers" settled all issues

There're an “Engulfing” and a “Tweezers” on the 144 Moving Average, which made the current bearish plunge possible. The price is likely going to have some rest between two “Windows” in the short term. As we can see on the Daily chart, a “Dark Cloud” has done the greatest job, so we’ve got a huge black candle. The last “Window” can act as a support again.

USD/JPY: "Tweezers" settled all issues

We’ve got a “Tweezers” and a “Shooting Star” at the last high. The price has already achieved the nearest “Window”, so there’s a flat under it. However, the market is likely going to falling down soon until any bullish pattern appears.

JPY
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