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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: "Hammer" stopped bears

USD/JPY: "Hammer" stopped bears

There’s a local correction inside the main downward trend. Previously, a “Hammer” arrived the local low. So, the market is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens later on, there’ll be a chance to see another bearish rally. The same story is on the Daily chart, where we’ve got a “High Wave” at the local low, so the price is free to achieve the nearest resistance line.

USD/JPY: "Hammer" stopped bears

We’ve got a strong bullish “Hammer” at the local low, which brought a “Three White Soldiers” afterwards. Bulls successfully broken the last “Window”,  so the current upward correction is likely going to move on during the day.

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