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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 resistance one more time

USD/JPY: "Window" going to act as a resistance one more time

The price is consolidating near the “Window”. Also, there’s a possible “High Wave” pattern, so the market is likely going to test the 21 and 34 Moving Averages. At the same time, if a pullback from this line happens, bears will probably try to deliver a new low. As we can see on the Daily chart, the 13 Moving Average acted as a resistance, so the pair is going to reach the closest support line soon.

USD/JPY: "Window" going to act as a resistance one more time

We’ve got a “Harami” at the local high, which has been strongly confirmed. However, there’s another “Harami” at the last low, so the price is likely going to test the nearest “Window” one more time.

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