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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    There’s a reversal bullish “Harami” at the last low, but a confirmation is still insufficient. It’s likely that the correction will go on, but then we have a huge possibility for the next stage of the main bearish trend. As we can see on the daily chart, a bullish “Hummer” has been formed at the “Window” support area.

    USD/JPY: candlestick analysis

    A local correction is in progress on the one-hour chart. We’ve got a resistance on the “Three Methods” pattern's level. Here’s a “Hummer” and a “Harami”, so it’s likely to see an ending of the current correction and the following downward movement towards the maximum, which was formed on 01.10.2014.

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