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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" entered the market into a correction phase

USD/JPY: "Window" entered the market into a correction phase

We’ve got a “Harami” at the last low. Moreover, the last black candle has a huge shadow, so the current correction is likely going to move on towards the nearest resistance line. As we can see on the Daily chart, the lowest “Window” has acted as a support. Therefore, bulls are probably going to form a white candle today.

USD/JPY: "Window" entered the market into a correction phase

The last “Window” has been closed. Also, we’ve got an “Engulfing” pattern, which points to a possible achievement of the 89 Moving Average. If we see a pullback from this line, there’ll be an opportunity to see a new bearish rally.

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