EURUSD, “Euro vs. US Dollar”
In the H4 chart, after breaking another support level, EURUSD has finished several Inverted Hammer and Hammer reversal patterns. At the moment, the price is being corrected once again and may later continue its decline.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading sideways near the resistance level and forming a lot of Doji, Shooting Star, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may stop this sideways movement, rebound from the resistance level, and resume moving downwards.
RoboForex Analytical Department