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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: "Three Line Strike" on the bearish trend

Galina Svetlova

USD/JPY: "Three Line Strike" on the bearish trend

There's a “Three-Line Strike” at the local high, so the market is likely going to reach the 34 Moving Average. As we can see on the Daily chart, we haven’t got any reversal pattern so far, but there're an “Inverted Hammer” and a “Doji” at the last low, which both have been confirmed. Under this circumstances, today’s candle is likely going to be a white one.

USD/JPY: "Three Line Strike" on the bearish trend

The price has been rising since a lot of bullish patterns were formed at the last low. Currently, we’ve got a local correction on the 55 Moving Average. If we see a pullback from this line, bulls will have an opportunity to see the price higher in the short term.

EUR
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