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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

There’s a possible “Doji” pattern, which has a strong confirmation. Also, the current “Three Methods” pattern is going to end soon. In this case, it’s likely to have an achievement of the nearest resistance in the short term. If we see a pullback from this level, bears are likely going to move on.

USD/JPY: "Window" acted as support

As we can see on the one-hour chart, there’s a “High Wave” on the last low. Moreover, we’ve got a quite strong support by the nearest “Window”. Therefore, the market is likely going to test the 89 and 55 Moving Averages during the day. If a pullback from these lines happens, there’ll be an opportunity to have another upward price movement.

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