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 at 108.45, broke it, and started plummeting. Right now, the price is being corrected towards the broken support level and may later resume moving downwards. If the price breaks the support level, it is expected to move towards 106.80.
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the price was slowly growing with a couple of Inverted Hammer patterns, but then accelerated and broke the resistance level. Right now, the pair is expected to start a new correction to the downside. However, the upside target is at the next resistance level at 1.2170.
RoboForex Analytical Department