Japanese Candlesticks Analysis 01.02.2023 (EURUSD, USDJPY, EURGBP)

1 февраля 2023 - Fx4News

EURUSD, “Euro vs US Dollar”

On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be 1.0930. However, the price may pull back to 1.0830, bounce off it, and continue the uptrend after the correction.

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

USDJPY, “US Dollar vs Japanese Yen”

On H4, the pair has formed a Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be 131.20. However, the price may pull back to 129.50 and continue the uptrend after the correction.

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

EURGBP, “Euro vs Great Britain Pound”

On H4, the pair has formed a Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be the resistance level of 0.8850. Upon testing and breaking through it, the pair might continue the uptrend. However, the quotes may pull back to 0.8800 before growth.

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