639
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: bears are going to advance the attack

USD/JPY: bears are going to advance the attack

The market has been falling down since an “Evening Star” arrived at the last high. There’s a possible “High Wave” at the local low, but this pattern hasn’t been confirmed yet, so any expectation about the coming upward correction is ahead of the game. Therefore, bears are likely going to move on until any confirmed reversal pattern forms. As we can see on the Daily chart, we haven’t got bullish patterns so far, which opens the floodgates for the next bearish steps.

USD/JPY: bears are going to advance the attack

There’s an “Engulfing” at the local low, but after a while the next “Engulfing” arrived at the last high, which is likely going to be confirmed by the developing black candle. So, the market is probably going to reach the nearest support during the day.

Scroll to top