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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: today's "Window" is going to be closed soon

USD/JPY: today's "Window" is going to be closed soon

We’ve got a new “Window” as well as two “Hammers” at the last low, but both of them haven’t been confirmed enough. So, the market is likely going to reach the nearest support once again. As we can see on the Daily chart, there’s an “Inverted Hammer”, but this candle hasn’t got a confirmation. If it arrives afterwards, an upward correction becomes possible.

USD/JPY: today's "Window" is going to be closed soon

There’s an “Evening Star”, which brought a new resistance line. Moreover, we’ve got two reversal patterns, which are a “Hanging Man” and a “Tweezers”. Therefore, the market is likely going to close the last “Window”, but bulls could deliver a new local high later on.

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