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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: "Window" has stopped the bearish rally

Galina Svetlova

USD/JPY: "Window" has stopped the bearish rally

The price has achieved the lower “Window”, which brought a “Hammer” and an “Inverted Hammer” at the last low. Moreover, these patterns have been confirmed, so the market is likely going to rise in the short term. As we can see on the Daily chart, there’s a possible “Harami” pattern in progress, but it requires a confirmation. So, today’s candle is probably going to be a bullish one.

USD/JPY: "Window" has stopped the bearish rally

The market has been rising since a “Hammer” arrived at the last low. Considering a “Three Methods” pattern, the pair is likely going to get a resistance on the 34 Moving Average. 

JPY
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