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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: "Shooting Star" strengthened bears

USD/JPY: "Shooting Star" strengthened bears

There’re a support by the 21 Moving Average and a resistance by the upper “Window”. Therefore, the price is likely going to decline towards the 34 Moving Average. As we can see on the Daily chart, we’ve got a “Dark Cloud”, so bears will have a reason to reach the 34 Moving Average soon.

USD/JPY: "Shooting Star" strengthened bears

We’ve got a consolidation, which is taking place on the one-hour chart. Also, there’s a “Shooting Star”, which has been confirmed enough. So, the pair is likely going to test the nearest resistance once again.

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