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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: "Window" acted as a support

USD/JPY: "Window" acted as a support

There’s a bullish “High Wave” at the local low, but it hasn’t been confirmed yet. So, it’s likely that the price is going to test the nearest resistance level once again. If we see a pullback from this resistance, there’ll be an opportunity to have the next bearish rally. As we can see on the Daily chart, the pair found a lodgement under the last “Window”, so bears will probably try to move on. 

USD/JPY: "Window" acted as a support

We’ve got a support by the closest “Window” and also there’s an “Inverted Hammer” at the last low. This pattern confirmed enough, so it’s likely to see an upward correction in the short term. However, sellers will possibly test the “Window” once again, which can bring more reversal patterns.

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