EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the asset is finishing the correction within the downtrend. By now, EURUSD has formed several reversal patterns, such as Harami, close to the channel’s upside border. Possibly, the pair may reverse and resume its decline. In this case, the downside target may be the next support level at 1.1560. At the same time, an alternative scenario says that the instrument may grow to reach 1.1800 before resuming the downtrend.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, the pair is finishing another correction within the uptrend. After forming a Long-Legged Doji pattern not far from the support level, USDJPY is expected to grow towards 106.20 and resume the ascending tendency. Still, there is an opposite scenario, which says that the instrument may continue falling and reach 105.25 before resuming the uptrend.
EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, the descending tendency continues. After forming several reversal patterns, including Inverted Hammer, close to the support level, EURGBP is still reversing. The correctional target remains at the next resistance level at 0.9130. However, there might be another scenario, according to which the asset may fall and return to 0.9000 without reversing and correcting.
