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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 market has been declining since a “Harami” and a “Shooting Star” where arrived on the 55 Moving Average line. The last candles are bearish so far and also there's a couple of “High Waves”, but they haven’t been confirmed yet. There aren’t any reversal patterns, so the downward movement is likely going to be deeper.

USD/JPY: candlestick analysis

Here’s a “Three Methods” at the last low. We don’t have any reversal patterns, so it’s likely that the price will go lower until bullish patterns arrives on the support line.

JPY
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