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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: yesterday's "Window" becomes a support

Galina Svetlova

USD/JPY: yesterday's "Window" becomes a support

The previously formed a “Morning Doji Star” and a “Three White Soldiers” have been confirmed, so yesterday’s “Window” was closed by the last white candles. We haven’t got any reversal patterns so far. It means that bulls are likely going to continue their rally, but a door for a possible local correction is a still open. As we can see on the Daily chart, there’s an upward correction in progress, so today’s candle is probably going to be a white one.

USD/JPY: yesterday's "Window" becomes a support

Yesterday’s “Window” has been closed by the bullish candles, which brought a “Three Methods” afterwards. Therefore, this pattern is likely going to act as a support. If so, the price will have a chance to deliver a new high soon.

JPY
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