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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 very good job

USD/JPY: "Window" made a very good job

There’re a “Hammer” and a “Harami” on the last “Window”, which strongly supported bulls.  Moreover, a “Mat Hold” has been formed afterwards, so the market is likely going to reach the 89 Moving Average in the short term. As we can see on the Daily chart, the last “Harami” pattern hasn’t been confirmed, so bulls are absolutely free to move on until any reversal pattern arrives. 

USD/JPY: "Window" made a very good job

The price has been rising since a “Hammer” was formed on the Moving Average line. It’s important that bulls has broken the very strong resistance level. It was the fourth attempt, in fact. So, there’s an opportunity for a local correction. Overall, bulls have enough power to move the market higher in the coming days.

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