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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" urges bears to deliver a new low

USD/JPY: "Harami" urges bears to deliver a new low

The price has been falling down since an “Evening Star” formed at the last high. The last candles are bearish, so we haven’t got any reversal patterns so far. Therefore, the market is likely going to reach the nearest support line. As we can see on the Daily chart, there’s a black candle in progress, but it’s possible to see any bullish pattern on the support line nearby. If so, an upward correction becomes possible.

USD/JPY: "Harami" urges bears to deliver a new low

There’s a “High Wave” at the local low, but this pattern hasn’t been confirmed. Moreover, we’ve got a bearish “Harami”, which is likely going to be confirmed shortly. So, if that's the case a new low is coming soon.

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