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    USD/JPY: candlestick analysis

    USD/JPY: candlestick analysis

    We've got a “Bullish Harami” at the last low. There’s a downward correction in progress, which can find a support at the 34 Moving Average line. If so, an upward movement might be resumed afterwards. As we can see on the daily chart, here's a “Harami”, which was confirmed last Friday. It’s likely that bulls are going to reach the nearest resistance.

    USD/JPY: candlestick analysis

    There’re a “Doji” and a “Three Methods” at the last high. The last candles are bearish, so the price are likely going to achieve the 89 Moving Average once again. If we see a pullback from this line, then bulls might come back to the market.


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