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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: "Three Methods" helped bulls

USD/JPY: "Three Methods" helped bulls

There’s an “Engulfing” at the local low, but it hasn’t been confirmed yet. So, the price is likely going to achieve the nearest resistance. If we see a pullback from this line, there’ll be a chance to have another decline. At the same time, the middle of the last huge black candle on the Daily chart acted as a resistance. Therefore, it’s likely to see the second test of this resistance shortly.

USD/JPY: "Three Methods" helped bulls

The last “Three Methods” pattern helped bulls break the nearest “Window”. However, if we see any bearish pattern on the closest Moving Averages, then the price is likely going to test the “Window” once again. Then, if we have a pullback from this level, there’ll be an opportunity to another upward movement in the direction of the upper “Window”.

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