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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 “Engulfing Bullish” and a “Hummer” patterns have been formed at the last low. It’s likely that the current correction will go on because the price faced a resistance on the 21 Moving Average line. There're a “Hummer” and a “Tweezers” on the daily chart. The “Window” still acts as a resistance.

USD/JPY: candlestick analysis

Here’s a bullish “Harami” pattern, which was a start for the upward correction. However, on the 55 Moving Average line we could find a possible bearish “Harami”, so it’s likely to see a local downward movement until bullish patterns arrives on the support line.

JPY
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