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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 holding the fort

USD/JPY: bulls holding the fort

There’s a “Harami” at the local low, but its confirmation is weak, because the price movement hasn’t reached the middle of the last huge black candle. So, the current consolidation is likely going to move on. As we can see on the Daily chart, here’s a strong support by the 13 Moving Average. The bearish “Harami” and “Tower” haven’t been confirmed, so the price is free to continue the current upward movement until any bearish pattern arrives.

USD/JPY: bulls holding the fort

We’ve got a flat in progress in a range of the last black candle. The price reached the nearest support once again, so it’s possible to a rise in the short term. The main target is still the maximum, which was formed in 2014.

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