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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: bulls are up to deliver only small correction

USD/JPY: bulls are up to deliver only small correction

The price has been falling down since Monday. Also, we’ve got a “Three Methods” pattern, which increased bearish pressure. So, the market is likely going to decline until any bullish pattern arrives. As we can see on the Daily chart, there’s a lower “Window”, which could act as a support. 

USD/JPY: bulls are up to deliver only small correction

We’ve got another “Three Methods” on the one-hour chart. However, the price achieved a resistance line, so there’s an opportunity to have some bullish patterns. If so, there’ll be a chance to see a local correction towards the 13 Moving Average, which is strong enough to help bears to move on.

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