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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: very strong support by "Window"

USD/JPY: very strong support by "Window"

The price has been falling down since a “Shooting Star” formed at the last high. So, the market is likely going to test Moving Averages in the short term. If we see a pullback from these lines, there’ll be a chance to have more bearish pressure. As we can see on the Daily chart, the 13 and 21 Moving Averages acted as a resistance. Also, there’s a “Shooting Star”, which has been strongly confirmed. Therefore, bears are likely going to push the market lower.

USD/JPY: very strong support by "Window"

There’s a strong support by the couple of “Windows”. Moreover, we’ve got an “Inverted Hammer” here, but it hasn’t been confirmed yet. So, bulls are likely going to test the 144, 89 and 55 Moving Averages during the day. If we see a pullback from this lines, there’ll be an opportunity to have a new low.

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