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Japanese Candlesticks Analysis 17.10.2019 (EURUSD, USDJPY)

17 october 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has completed Harami reversal pattern close to the channel’s upside border. Later, after reversing, the price may form a new correction and then resume growing to reach 1.1111. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1010.

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, after forming Doji reversal pattern, USDJPY is trading close to the resistance level. Right now, the pair is reversing and may later continue falling to return to 108.46. After that, the instrument may reverse and then start a new ascending tendency to reach 109.14.

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

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