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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: bulls approaching to the "Window"

USD/JPY: bulls approaching to the "Window"

There’s a “Hammer” at the local low, which has been confirmed enough. Also, bulls has faced a resistance by the upper “Window”, so a local downward correction becomes possible. As we can see on the Daily chart, we’ve got a “High Wave” here, which led to an achievement of the 13 Moving  Average. However, bulls are likely going to test the nearest “Window” in the short term.

USD/JPY: bulls approaching to the "Window"

We’ve got a “Three Methods” on the one-hour chart, which already delivered a new high. Considering that there isn’t any reversal bearish pattern, buyers are probably going to catch a resistance by the nearest “Window” shortly.

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