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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: candlestick analysis

Galina Svetlova

USD/JPY: candlestick analysis

It’s a very likely that here’s a “Tower” at the last high, but we should wait to a confirmation. As we can see on the daily chart, a couple of bullish “Hummers” have been formed and it was a start of the upward correction. After a short break there’s a high possibility for more bullish pressure.

USD/JPY: candlestick analysis

A “Hanging Man” and a “Tweezers” have been formed at the last high and the 89 Moving Average. It's likely to see the next steps of a downward correction towards the “Three Methods” support line. If bulls takes over and the price starts rising from this level, then an upward rally are going to begin shortly .

JPY
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