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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" going to act as a support

USD/JPY: "Window" going to act as a support

There’s a bearish “Shooting Star” at the local high. If it confirms, the price is likely going to get a support on the nearest Moving Averages. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance again. However, if we see a pullback from the 13 Moving Average, there’ll be an opportunity to have another upward movement.

USD/JPY: "Window" going to act as a support

We’ve got a “Harami” and a “Three Black Crows”, so the price started to decline. At the same time, if the nearest “Window” brings any bullish pattern, then the market is likely going to form a local upward correction.

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