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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: pullback from upper "Window"

USD/JPY: pullback from upper "Window"

There’s an “Engulfing” pattern, but it hasn’t been confirmed yet. In this case, the price is likely going to decline towards the 34 Moving Average. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see on the Daily chart, there’s a resistance by the upper “Window”. Therefore, bears are likely going to test the 34 Moving Average.

USD/JPY: pullback from upper "Window"

We’ve got a pullback from the nearest “Window”. Also, there’s a confirmed “Engulfing” pattern. Considering the last “Harami” pattern, the market is likely going to decline towards the closest support line.

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