972
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: "Shooting Star" points to a possible new local low

USD/JPY: "Shooting Star" points to a possible new local low

We’ve got a “Harami” at the local high, but its confirmation is still developing. So, the price is likely going to reach 55 Moving Average, which could act as a support. As we can see on the Daily chart, there’s an “Engulfing” at the last high, but it hasn’t been confirmed yet. If the price gets a resistance on the 34 Moving Average, then a decline toward the 21 Moving Average becomes possible.

USD/JPY: "Shooting Star" points to a possible new local low

There’s a consolidation in progress. Also, we’ve got a bearish “Shooting Star” at the local high. Therefore, the market is likely going to continue the current downward movement.

Scroll to top