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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: more bullish pressure

Galina Svetlova

USD/JPY: more bullish pressure

The bullish movement is still the main direction. Moreover, we’ve got a couple of “Three Methods” patterns, so in the short term the market is likely going to be higher towards the nearest resistance line. As we can see on the Daily chart, there isn’t any reversal pattern so far, which gives bulls a path to form a white candle today.

USD/JPY: more bullish pressure

The price has been rising last days. There’s a “Three Methods” pattern at the last high, but if the pair be stopped on the nearest resistance, then it’ll be a chance to see a local correction. If any of the Moving Averages acts as a support, then bulls can resume their rally.

JPY
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