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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 broken the "Window"

USD/JPY: bulls broken the "Window"

The price has been moving up since a “Hammer” arrived at the local low. Also, we’ve got a “Harami” and an “Engulfing” on the last “Window”, so the price is likely going to rise in the short term. As we can see on the Daily chart, the pair found a lodgement under the “Window”. Therefore, the main target is the 34 Moving Average, which can bring a reversal pattern afterwards.

USD/JPY: bulls broken the "Window"

We haven’t got any reversal pattern so far, but the price is about to achieve the nearest “Window”. If a pullback from it happens later on and we see a bearish pattern, a downward correction will be on the table.

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