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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" is still holding back bears

Galina Svetlova

USD/JPY: "Window" is still holding back bears

There’re a package of candle patterns on the nearest “Window” level. We’ve got a couple of “Tweezers” and “Hummers”, but all of them haven’t a confirmation yet. However, if a confirmation arrives afterwards, then it’ll be a chance to see the market on the 21 Moving Average. As we can see on the Daily chart, there's an “Inverted Hammer”, but it requires a confirmation as well. Anyway, today’s candle is likely going to be a bullish one.

USD/JPY: "Window" is still holding back bears

We’ve got a bearish trend on the one-hour chart. At the same time, there’re a lot of bullish patterns such as a “Tweezers”, a “Hammer”, a “Tower”, an “Engulfing” and a “Harami”, but they haven’t been confirmed yet. So, the 21 Moving Average is likely going to be reached once again.

JPY
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