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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: "Gravestone Doji" put bulls to bed with a shovel

USD/JPY: "Gravestone Doji" put bulls to bed with a shovel

There’s a “Gravestone Doji” and a “Tower” at the last high, which led to the dramatically fast downward movement. The last candles are bearish, but if the price gets a support on the 144 Moving Average, there’ll be an opportunity for a local bullish correction. As we can see on the Daily chart, there’s a “Harami” at the last top, so today’s candle is going to be black.

USD/JPY: "Gravestone Doji" put bulls to bed with a shovel

The price has came back under the 2014’s maximum. Moreover, the 144 Moving Average has been broken right after a “Three Methods” pattern arrived. So, the pair is likely going to test the nearest support, which can bring any kind of bullish pattern.

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