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USD/JPY: candlestick analysis

USD/JPY: candlestick analysis

There’s a “Bullish Harami” at the last low, so the current correction will probably go higher. It’s likely to see any bearish candle patterns on the 55 Moving Average. As we can see on the daily chart, there’s a strong support by the “Window” and previously formed the “Hummer” and “ Tweezers” are still actual.

USD/JPY: candlestick analysis

We’ve got a “Harami” at the local low and all last candles are strongly bullish. At the same time, it’s likely that any bearish candle pattern arrives afterwards. If so, the market might go into a local downward correction towards the moving average lines.

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