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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

There’s a “Bullish Harami” at the last low, so the current correction will probably go higher. It’s likely to see any bearish candle patterns on the 55 Moving Average. As we can see on the daily chart, there’s a strong support by the “Window” and previously formed the “Hummer” and “ Tweezers” are still actual.

USD/JPY: candlestick analysis

We’ve got a “Harami” at the local low and all last candles are strongly bullish. At the same time, it’s likely that any bearish candle pattern arrives afterwards. If so, the market might go into a local downward correction towards the moving average lines.

JPY
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