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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: "Harami" led to the bearish correction

USD/JPY: "Harami" led to the bearish correction

There’s a local correction in progress along the 89 Moving Average. Therefore, the market is likely going to test the nearest support. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed, so the price is rising. Under this circumstances, today’s candle is likely going to be bullish.

USD/JPY: "Harami" led to the bearish correction

The price is moving near the important high, which was formed in 2014. There’s a “Harami”, but its confirmation isn’t enough. So, the pair is likely going to get a support on the 21 Moving Average. 

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