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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: "Gravestone Doji" as a sign of bulls weakness

USD/JPY: "Gravestone Doji" as a sign of bulls weakness

The market has been falling down since a “Shooting Star” formed at the last high. Moreover, we’ve got the second “Shooting Star” at the local maximum, but it hasn’t been confirmed yet. As we can see on the Daily chart, here isn’t any reversal pattern so far, which makes possible further bearish steps.

USD/JPY: "Gravestone Doji" as a sign of bulls weakness

We’ve got a “Gravestone Doji”, so the price found a lodgement under the nearest “Window”. Therefore, bears are likely going to move on until any bullish pattern forms. 

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