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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: new local high is coming soon because of "Harami"

USD/JPY: new local high is coming soon because of "Harami"

The biggest bearish candle has a huge shadow. Also, there’s a bullish “Harami”, which has been confirmed. So, the price is likely going to get a resistance by the 34 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity for another bearish price movement. As we can see on the Daily chart, the nearest resistance is still in the game, which can bring a bearish pattern afterwards. 

USD/JPY: new local high is coming soon because of "Harami"

There’s a local correction in progress under the already closed “Window”. Moreover, we’ve got a “Harami” at the local low as well as a support by the 21 Moving Average. Therefore, bulls are probably going to move on, so we should keep an eye in the 144 Moving Average as a possible intraday target. 

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