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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    The market has been declining since a “Harami” and a “Shooting Star” where arrived on the 55 Moving Average line. The last candles are bearish so far and also there's a couple of “High Waves”, but they haven’t been confirmed yet. There aren’t any reversal patterns, so the downward movement is likely going to be deeper.

    USD/JPY: candlestick analysis

    Here’s a “Three Methods” at the last low. We don’t have any reversal patterns, so it’s likely that the price will go lower until bullish patterns arrives on the support line.

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