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Japanese Candlesticks Analysis 07.02.2019 (EURUSD, USDJPY)

7 february 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading close to the support level and forming Inverted Hammer reversal pattern. Judging by the previous movements, at the moment it may be assumed that after finishing another pullback the instrument may continue moving to the upside.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still trading near the resistance level and forming Harami and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing this correction the instrument may continue its descending tendency.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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