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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

The pair has been rising and this movement can go even higher, because there's a “Three Methods” pattern. On the daily chart we can see a couple of “Harami” patterns, but they haven’t been confirmed yet. The last candle was closed above the middle of big white candle, and it’s a bullish signal.

USD/JPY: candlestick analysis

There’s a bearish “Tower” at the last maximum. Also, on the 89 Moving Average line a “Hammer” has been formed. It’s a likely to see a downward correction towards the 55 Moving Average line and bull's revenge afterwards.

JPY
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