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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: "Window" could force the bullish correction

USD/JPY: "Window" could force the bullish correction

We’ve got a bullish “Harami” at the last low, which has been confirmed, so there’s a local correction in progress. Therefore, the market is likely going to reach the nearest resistance line, which can reverse the price movement into the bearish direction. As we can see on the Daily chart, here’s a “High Wave” at the local low, but we haven’t got a confirmation for this pattern. So, bears are probably going to deliver a new low afterwards.

USD/JPY: "Window" could force the bullish correction

There’re a “High Wave” and a “Harami” at the local low, which both have been confirmed. Also, we’ve got a “Shooting Star”, so bears are still in the game. However, if the nearest local “Window” acts as a support, we could see a new local high very soon. 

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