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Japanese Candlesticks Analysis 10.06.2019 (EURUSD, USDJPY)

10 june 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading downwards; by now, it has broken the resistance level and formed Harami reversal pattern close to 1.1346. Right now, the pair is reversing and may fall down to 1.1220. However, one shouldn’t exclude a possibility that the price may break the closest high and continue its growth to reach 1.1430.

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 trading downwards. While testing the support level, the pair formed another Harami reversal pattern. Right now, the instrument is reversing and moving towards 109.75. However, one shouldn’t exclude another scenario, according to which the price may return to the support level at 107.90.

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

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