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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: bears in the game again

USD/JPY: bears in the game again

The price has been falling down since a “Doji” arrived at the last high. So, bears is likely going to move on in the short term. As we can see on the Daily chart, there’s an “Engulfing” at the local high, which has been confirmed enough. Considering there isn’t any reversal pattern so far, the current decline is going to be continued.

USD/JPY: bears in the game again

We’ve got a “Three Methods” pattern right after an “Engulfing” at the last high. Moreover, the nearest “Window” has been broken, so bears are absolutely free to go on and deliver new lows one by one.

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