USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart, after finishing Shooting Star, Hanging Man, and Harami patterns, the pair reached the support level, but failed to break it. As a result, the price formed another pullback with Hanging Man pattern at the top of it. If the price breaks the support level, it is expected to move towards the next one at 108.40.
AUD USD, “Australian Dollar vs US Dollar”
The Australian Dollar continues strengthening against the USD. Right now, the price is trying to break the resistance level again. During pullbacks, the price is constantly forming reversal patterns, such as Hammer and Engulfing. The upside target is at 0.8041.
RoboForex Analytical Department