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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: bulls knock through the "Window"

USD/JPY: bulls knock through the "Window"

We’ve got a “Three Methods” here, so the 21 Moving Average was broken afterwards. There isn’t any reversal pattern, so bulls are likely going to move on. As we can see on the Daily chart, the price broken the nearest “Window”, so buyers will likely try to reach the next resistance line.

USD/JPY: bulls knock through the "Window"

The last black candle has a big shadow, which led to the current upward movement. Considering we don’t have any bearish patterns, the market is likely going to achieve the 144  Moving Average during the day.

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