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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: new low is coming soon because of "Three Methods"

USD/JPY: new low is coming soon because of "Three Methods"

The market has been falling down since an “Evening Star” formed at the local high. So, bears are likely going to move on until any reversal pattern arrives. As we can see on the Daily chart, the nearest “Window” acted as a resistance, which brought a “Harami” and a “High Wave”, which both have been confirmed enough. Therefore, sellers are free to deliver a new low in the short term.

USD/JPY: new low is coming soon because of "Three Methods"

We’ve got a couple of bearish patterns on the 34 Moving Average, so the price is declining. Considering a “Three Methods” pattern, the downward movement is likely going to continue.

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