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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

There’s a bearish “Harami” at the local high, but its confirmation isn’t enough. So, the market is likely going to test the nearest “Window” once again. If we see a pullback from it, there’ll be an opportunity to have another decline. As we can see on the Daily chart, the last “Hammer” remains unconfirmed, so bears are likely going to move on.

USD/JPY: bears going to deliver new low

The price has been falling down since an “Evening star” was formed at the last high. Also, there’s a strong resistance by the nearest “Window” and the Moving Averages. We’ve got an “Engulfing”, but its confirmation is a quite weak. Therefore, it’s likely to see another test of the “Window”. If there’s a pullback from it, bears are likely going to deliver a new low.

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