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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: "Window" acted as support

USD/JPY: "Window" acted as support

We’ve got a bullish trend without any reversal patterns, so the price is likely going to reach the nearest resistance level. As we can see on the Daily chart, the pair is rising towards the 34 Moving Average. If we see any bearish pattern on this line, there’ll be an opportunity to have a local correction.

USD/JPY: "Window" acted as support

The price faced a support on the previously formed “Window”, which led to the current bullish rally. There’s a “Doji” at the local high, but its confirmation isn’t enough. So, if we get stronger confirmation of this pattern, then bears will have a chance to achieve the closes support level.

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