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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" is pushing bulls to break the last high

USD/JPY: "harami" is pushing bulls to break the last high

We’ve got a “Doji” and a “Tower” on the 144 Moving Average, but their confirmation isn’t enough. Also, there’s a “Harami” at the local low, which has been confirmed. Therefore, the market is likely going to deliver a new high shortly. As we can see on the Daily chart, here’s a bearish “Harami” without a confirmation. So, today’s candle is probably going to be bullish.

USD/JPY: "harami" is pushing bulls to break the last high

The price is trying to break the high, which was formed in 2014. Previously, a “Harami” has been formed on the 21 Moving Average. If any bearish pattern on the nearest resistance arrives, there’ll be a chance to see a downward correction.

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