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Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

USD/JPY: bears going to deliver new low

USD/JPY: bears going to deliver new low

The main trend is still bearish. There’re a “Harami” and a “Tower” on the 34 Moving Average, so the bears are likely going to move on. As we can see on the Daily chart, we’ve got an “Engulfing”, which has been confirmed. Also, there isn’t any reversal pattern so far, which makes possible to see more seller’s pressure.

USD/JPY: bears going to deliver new low

The price has been falling down since a “Shooting Star” arrives at the last high. Considering a local “Hammer”, there’s an opportunity to have an intraday correction. However, bears are likely going to deliver a new low soon.

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