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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: "Window" is resisting as best it could

USD/JPY: "Window" is resisting as best it could

There’s an “Engulfing” pattern on the 89 Moving Average. Also, we've got a “Hammer” near the last “Window”, which can act as a support. If so, the market is likely going to test the nearest resistance. As we can see on the Daily chart, here’s a “Harami” on the 13 Moving Average, but it requires a confirmation. Therefore, the current upward movement has a reason to move on until any bearish pattern arrives.

USD/JPY: "Window" is resisting as best it could

The price has formed the second pullback from the upper resistance, but the pair reached the main “Window” afterwards.  The market is likely going to test the 89 & 144 Moving Averages, where we have an opportunity to see any kind of bullish pattern. If so, an upward movement towards the last highs becomes possible.

JPY
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