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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 break "Window"

USD/JPY: bulls going to break "Window"

The 21 & 13 Moving Averages have acted as a support, so bulls are likely going to break the upper “Window”. If we see a pullback from the nearest resistance level, there’ll be a chance to have a downward correction. As we can see on the Daily chart, there isn’t any reversal pattern so far. However, if a pullback from the “Window” be on the table, then bears will probably try to deliver a correction.

USD/JPY: bulls going to break "Window"

We’ve got an “Engulfing” pattern at the local low, which led to the current upward price movement. If we see a pullback from the closest support line, the last high is likely going to be broken shortly.

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