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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    A reversal “Tower” pattern has been formed at the last maximum, which was a start for the downward correction. There’s a “Harami” pattern, but it doesn't have enough confirmation. It’s likely that we’ll see an ending of the bearish movement and the reversal afterwards.

    USD/JPY: candlestick analysis

    Here’s a couple of “Three Methods”, but the price movement is getting slow down at a support line. It’s likely that the current flat will go on towards the 89 Moving Average line. Also, we should keep in mind, that the main trend is still bearish.

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