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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    A “Engulfing Bullish” and a “Hummer” patterns have been formed at the last low. It’s likely that the current correction will go on because the price faced a resistance on the 21 Moving Average line. There're a “Hummer” and a “Tweezers” on the daily chart. The “Window” still acts as a resistance.

    USD/JPY: candlestick analysis

    Here’s a bullish “Harami” pattern, which was a start for the upward correction. However, on the 55 Moving Average line we could find a possible bearish “Harami”, so it’s likely to see a local downward movement until bullish patterns arrives on the support line.

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