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Japanese Candlesticks Analysis 10.09.2021 (EURUSD, USDJPY, EURGBP)

10 september 2021 - Fx4News

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed several reversal patterns, including Hammer, not far from the support level. At the moment, EURUSD may reverse and start a new growth. In this case, the upside target may be at 1.1915. Later, the market may break the resistance area and continue trading upwards. However, an alternative scenario implies that the price may correct to reach 1.1785 first and then resume growing.

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 has formed a Hammer pattern close to the support area. At the moment, USDJPY is reversing and may start a new growth towards 110.35. At the same time, an opposite scenario implies that the price may correct to reach 109.60 before resuming its ascending tendency.

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

EURGBP, “Euro vs Great Britain Pound”

As we can see in the H4 chart, after forming several reversal patterns, for example, Hammer, near the support level, EURGBP may reverse in the form of a new pullback. In this case, the correctional target may be at 0.8565. Later, the market may test the resistance area, rebound from it, and resume the descending tendency. Still, there might be an alternative scenario, according to which the asset may fall towards 0.8505 without reversing and correcting.

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

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