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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: "Hammer" brought a correction into the market

USD/JPY: "Hammer" brought a correction into the market

We’ve got two “Hammers” on the lower “Window”, but their confirmation isn’t enough. So, the price is likely going to test the nearest support once again and start to rise afterwards. As we can see on the Daily chart, the pair is trading under the “Window”. Despite of there isn’t any reversal pattern so far, the yesterday’s candle has a big shadow, which points to a possible upward correction. 

USD/JPY: "Hammer" brought a correction into the market

There’re a “Harami” and a “Three White Soldiers”, which both have been confirmed enough. Moreover, we’ve got an “Evening Star” on the Moving Average line, so the bears are likely going to test the nearest support line during the day.

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