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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: support line waiting for bears

USD/JPY: support line waiting for bears

There’s a support by the lower “Window”. Also, we’ve got an “Inverted Hammer”, a “Harami” and a “High Wave”, which all have been confirmed. Considering the last “Shooting Star”, bears are likely going to reach the nearest support line. As we can see on the Daily chart, we’ve got a “Harami” pattern, so the price is likely going to achieve the 21 Moving Average.

USD/JPY: support line waiting for bears

We’ve got a “High Wave” and a “Harami”, which both have a confirmation. Therefore, the price is likely going to reach the closest support level, which could reverse the price movement into a bullish direction.

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