748
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: sellers are ready to move on

USD/JPY: sellers are ready to move on

There’s a flat under a resistance by the middle of the last black candle. Moreover, we’ve got an “Engulfing” on the nearest “Window”, so the current decline is likely going to be continued. As we can see on the Daily chart, there're a “High Wave” and a “Harami” under a resistance by the “Window” nearby. Considering that both patterns have been confirmed, bears will likely going to push the market lower soon.

USD/JPY: sellers are ready to move on

We’ve got a “Shooting Star” and a “Hanging Man” at the last high, which both have a confirmation. Therefore, the market is likely going to reach the 34 Moving Average in the short term. If a pullback from this line happens, sellers will probably try to set up a new decline.

Scroll to top