USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart, after slowly falling and forming Doji, Hanging Man, and Harami patterns, the USD/JPY pair skyrocketed towards the resistance level. By now, after completing Shooting Star pattern and falling a little bit, the price moving back to 110.52. Later, the instrument is expected to rebound from this level and resume moving downwards to reach the support level at 109.30.
EUR USD, “Euro vs. US Dollar”
Harami, Engulfing, and Doji patterns made the EUR/USD pair move to the downside, but the price failed to reach the support level, formed the correction and Long-Legged Doji pattern at the top of it. It means that the correction is over and the instrument may continue falling towards the level it failed to reach yesterday.
RoboForex Analytical Department