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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 broken all "Windows"

Galina Svetlova

USD/JPY: bears broken all "Windows"

The price has broken two “Window” in a row, but bears were stopped by the lower “Window”. So, we’ve got a “High Wave” pattern, but it hasn’t confirmed yet. The market is likely going to a local bullish correction and start to falling down afterwards. As we can see on the Daily chart, we haven’t got any reversal pattern, so there’s an open door for an achievement of the nearest support. At the same time, if the price finds a lodgement under the current “Window”, it can act as a resistance subsequently.

USD/JPY: bears broken all "Windows"

We've got a “Harami” at the local high, which has been confirmed. There’re two “Three Methods” patterns in a row, so the market is likely going to continue the current decline.

JPY
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