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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: "High Wave" points to a possible upward correction

USD/JPY: "High Wave" points to a possible upward correction

There’re a “Shooting Star” and a “High Wave” on the 144 Moving Average. So, the market is likely going get a support on the nearest “Window” once again. As we can see on the Daily chart, we’ve got a “Harami”, but it hasn’t been confirmed yet. Therefore, it’s very likely to see the second test of the closes support line.

USD/JPY: "High Wave" points to a possible upward correction

The price has been falling down since an “Engulfing” formed at the last high. Also, we’ve got a “Hammer” at the local low, but its confirmation is a quite weak. So, bulls are likely going to get a resistance on the 34 Moving Average.

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