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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: "Three White Soldiers" marching in lockstep towards the last high

USD/JPY: "Three White Soldiers" marching in lockstep towards the last high

There’s a “Harami” at the local low and on the 89 &34 Moving Averages. This pattern has been confirmed, so the market is likely going to reach the nearest resistance. As we can see on the Daily chart, we’ve got a “Harami” and a “Tower” on the 21 Moving Average, but their confirmation has been canceled by the last bullish “Harami”. Therefore, the pair is likely going to get a resistance on the 34 Moving Average, which can bring any kind of bearish pattern afterwards.

USD/JPY: "Three White Soldiers" marching in lockstep towards the last high

As we can see on the one-hour chart, there isn’t any clear bullish pattern so far.  We’ve got just huge shadows at the local low and two “Harami” patterns. Under this circumstances, the market is likely going to try break the high of 2014 once again.

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