537
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 wipe the floor with bulls

USD/JPY: bears wipe the floor with bulls

There’s a “Hammer” at the achieved “Window”, but it hasn’t been confirmed yet. Therefore, an upward correction is likely going to begin, so we should keep an eye on the nearest resistance line. As we can see on the Daily chart, the price has reached the lower support. Moreover, the last black candle has a long shadow, so bulls are probably arriving to set up an upward correction. 

USD/JPY: bears wipe the floor with bulls

We’ve got a confirmed “Harami” and a “Three White Soldiers” at the last low. Currently, here’s a possible “Engulfing” in progress. Therefore, a local downward movement becomes possible, but bulls will probably try to continue the upward correction, which was started yesterday.

Scroll to top