679
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: flat between "Hammer" and "Harami"

USD/JPY: flat between "Hammer" and "Harami"

There're an “Engulfing” and a “Three White Soldiers” at the last low. We’ve got a “Three Methods”, which points to a possibility that the current rise can be continued. At the same time, there's a “Window”, which obviously can act as a resistance. So, it’s likely that the pair is going to form a local downward correction during the day. However, bulls will likely try to reach the next “Window” afterwards. As we can see on the Daily chart, there’s a “Hammer” and an “Inverted Hammer”, which both have been confirmed. So, today’s candle is likely going to be bullish.

USD/JPY: flat between "Hammer" and "Harami"

The last local downward correction was finally ended by the “Hammer” candle. So, the market is likely going to reach the 89 Moving Average. If bulls breaks this line, the next target will be on the nearest “Window". 

JPY
Scroll to top