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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: "Doji" has brought bulls back to life

USD/JPY: "Doji" has brought bulls back to life

The nearest “Window” has acted as a support, so we’ve got a “Doji” on its area. The last candles are bullish and there aren’t any reversal patterns so far. Therefore, the market is likely going to achieve the two upper resistance levels. As we can see on the Daily chart, yesterday’s “Harami” wasn’t be confirmed, so the bulls will likely move on towards the nearest resistance.

USD/JPY: "Doji" has brought bulls back to life

There's a “Hammer” on the 144 Moving Average, which has been confirmed enough. So, the price is likely going to rise in the short term.

JPY
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