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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: bears let the "Black Crows" run free

Galina Svetlova

USD/JPY: bears let the "Black Crows" run free

There're a “Doji” and a “Three Black Crows” at the last high. Monday’s opening brought a new “Window”, so the price is likely going to get a resistance on it. If so, it’ll be possible to see a decline towards the last low. As we can see on the Daily chart, a “Hanging Man” candle has been confirmed, so the nearest support  is probably going to be tested once again.

USD/JPY: bears let the "Black Crows" run free

We’ve got a “Three Methods”, which was formed on Friday. This pattern did a great job, but a “Hammer” and an “Inverted Hammer” arrived afterwards, so there’s an open door for an achievement of the 21 Moving Average.

JPY
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