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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

A reversal “Tower” pattern has been formed at the last maximum, which was a start for the downward correction. There’s a “Harami” pattern, but it doesn't have enough confirmation. It’s likely that we’ll see an ending of the bearish movement and the reversal afterwards.

USD/JPY: candlestick analysis

Here’s a couple of “Three Methods”, but the price movement is getting slow down at a support line. It’s likely that the current flat will go on towards the 89 Moving Average line. Also, we should keep in mind, that the main trend is still bearish.

JPY
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