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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 minimum is coming soon because of "Three Methods"

USD/JPY: new minimum is coming soon because of "Three Methods"

The bearish trend is still on the table. We’ve got a “Three Methods” pattern , so the market is likely going to decline towards the nearest support level. As we can see on the Daily chart, the last candles are bearish, which means we haven’t got any reversal bullish pattern so far. Therefore, the pair is probably going to achieve the lower “Window” soon.

USD/JPY: new minimum is coming soon because of "Three Methods"

There’s a strong resistance by the 21 Moving Average. Also, we’ve got a “Hammer” at the local low, which has been confirmed enough. So, the market is likely going to test the 21 Moving Average once again during the day. If a pullback from this line happens later on, there’ll be an opportunity to have a new low shortly.

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