EURUSD, “Euro vs. US Dollar”
On H4, EURUSD keeps developing ascending dynamics. Breaking the lower border of the channel, the pair formed several reversal patterns near the resistance level, including a Shooting Star. At the current stage, the realization of the signals might take the form of a correction. The aim of the pullback is 1.2020. Next, the pair might continue the ascending impulse. The aim of the growth is the support level of 1.2125.
USDJPY, “US Dollar vs. Japanese Yen”
On H4, the pair is again testing the upper border of the descending channel. Near the horizontal resistance level, the pair has formed several reversal patterns, including a Doji. The aim of the pattern and further development of the downtrend is 103.20. However, the price might still return to 104.70 before going down to the support level.
EURGBP, “Euro vs. Great Britain Pound”
On H4, the pair has broken the upper border of the descending channel. Near the horizontal resistance level, the pair has formed a group of reversal patterns, including a Harami. Currently, the patterns might take the price down to the aim of 0.8925. Judging by previous movements, the quotations might go on correcting to the next resistance level, aiming at 0.9045.
