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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: angry bears going to deliver new low

USD/JPY: angry bears going to deliver new low

The price has been declining since a “Doji” formed on the Moving Average line. If the nearest support line brings any bullish candle pattern, there’ll be an opportunity to see an upward correction. As we can see on the Daily chart, here’s an “Engulfing” at the local high, which has been confirmed enough. Bears are likely going to move on, because we haven’t got any reversal pattern so far.

USD/JPY: angry bears going to deliver new low

There’re a “Doji” and a “Harami” at the last maximum. The last candles are bearish, so the pair is probably going to deliver a new low during the day.

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