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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    The 55 Moving Average line acted as a resistance once again. There's a reversal “Deliberation”, but its confirmation is still forming. If we see a pullback from the nearest support it’ll be a sign that bulls are coming back to the market. As we can see on the daily chart, here’s a “Harami”, so the upward correction might go even higher.

    USD/JPY: candlestick analysis

    We’ve got a “Tower” on the one-hour chart, which has been confirmed. It’s likely that the downward movement will go on until any bullish pattern formed on the nearest support level.

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