551
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" stopped bears

USD/JPY: "Window" stopped bears

We’ve got a “Hammer” and a “Tweezers” on the last low, which both have been confirmed enough. Therefore, the market is likely going to test the nearest resistance level, which was set up by the middle of the last black candle. As we can see on the Daily chart, the price has found a lodgement under the last “Window”, but an “Inverted Hammer” is still unconfirmed. So, the pair is probably going to form a “Tweezers” pattern in the short term. 

USD/JPY: "Window" stopped bears

There’s a consolidation in progress. The yesterday’s “Window” has been closed, but it’s still an important level. However, we’ve got a “Shooting Star”, which points to a possible local correction. If any bullish pattern arrives later on, there’ll be an opportunity to see the price on the 55 Moving Average.

Scroll to top