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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 once again

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

There’s a “Shooting Star” at the local high, which has a confirmation, so the price is likely going to test nearest “Window”. If we see a pullback from it, there’ll be an opportunity to have another upward movement. As we can see on the Daily chart, here’s another “Shooting Star”, so the price couldn’t close above the middle of the last huge black candle. In this case, there’s a chance to have a local decline.

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

We’ve got a “High Wave” and a “Three White Soldiers” on the lower “Window”. However, there’s a bearish “Harami”, so the price is likely going to test the “Window” once again during the day. If we have the second pullback from this level, bulls will likely try to reach the 34 Moving Average. 

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