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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: "Engulfing" points to coming correction

USD/JPY: "Engulfing" points to coming correction

We’ve got a “High Wave” and an “Engulfing”, which both led to the current upward price movement. However, if bulls be stopped by the upper “Window”, there’ll be an opportunity to see a downward correction.

USD/JPY: "Engulfing" points to coming correction

There’s an “Engulfing” pattern at the local high, which has been confirmed enough. So, the market is likely going to decline towards the 34 Moving Average. At the same time, if a pullback from this line happens, bulls will probably try to reach the upper “Window”.

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