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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" acted as a strong resistance

USD/JPY: "Window" acted as a strong resistance

There’s a “Harami” pattern at the local high, but its confirmation hasn’t formed yet. So, the market is likely going to test the nearest “Window” once again. If we see a pullback from it, there’ll be an opportunity to have another decline. As we see on the Daily chart, the 21 Moving Average acted as a support, so bears will probably try to reach the closest support line in the short term.

USD/JPY: "Window" acted as a strong resistance

We’ve got a “High Wave” at the local high, which points to an opportunity to have a new low during the day. Also, there’s a “Two Crows” pattern, which has been strongly confirmed. In this case, it’s likely that the price is going to achieve the nearest support shortly.

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