EURUSD, “Euro vs US Dollar”
On H4, the pair keeps developing ascending dynamics. Having broken the upper border of the channel, the pair formed several reversal patterns, including a Shooting Star, near the resistance level. The signals from the patterns might currently drive the quotations into another correction. The aim of the pullback is 1.2100. Then, when the pullback is over, the pair might resume its ascending dynamics, aiming at the resistance level at 1.2200.
USDJPY, “US Dollar vs Japanese Yen”
On H4, the quotations tested the upper border of the descending channel and formed several reversal patterns, including a Hanging Man. Currently, the pair is done working off the signals from the patterns and is forming another correction, presumably aiming at 104.50. However, the downtrend might still continue without any test of the upper border of the descending channel. The aim of the decline is the next support level at 103.20.
EURGBP, “Euro vs Great Britain Pound”
On H4, the pair has broken through the upper border of the descending channel. At the horizontal resistance level, the pair has formed a group of reversal patterns, including a Shooting Star. The quotations are done working off the signals from the patterns and keep developing the uptrend, currently aiming at 0.9110. However, judging by previous movements, the quotations might pull back to the support level, aiming at 0.8995.
