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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: bulls going to deliver new high

USD/JPY: bulls going to deliver new high

There’s a support by the 13 Moving Average, so we’ve got a “Hammer” on this line. If it confirms, bulls are likely going to deliver a new high. However, if we see a pullback from the upper “Window”, there’ll be a chance to have a local downward correction. As we can see on the Daily chart, here’s a support by the 34 Moving Average. Meanwhile, bulls will probably try to test the 55 Moving Average soon.

USD/JPY: bulls going to deliver new high

We’ve got a “Harami” at the local low, which has been confirmed enough. Therefore, the market is likely going to test the upper “Window” in the short term, so we can have a new high during the day.

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