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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 acting as the strongest support

USD/JPY: "Window" is acting as the strongest support

The nearest “Window” has been acting as the strongest support, so we’ve got a lot of bullish patterns here. Therefore, the market is likely going to reach the 144 Moving Average in the short term. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed, so bulls are absolutely free to move on.

USD/JPY: "Window" is acting as the strongest support

The price still can’t break the already achieved resistance level. We’ve got a “Shooting Star”, but its confirmation isn’t enough. So, the pair is likely going to get a support on the 34 Moving Average. If we see a pullback from this line, bulls will probably try to break the insuperable resistance once again. It's very likely that buyers will have it beaten this time.

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