Japanese Candlesticks Analysis 10.01.2024 (EURUSD, USDJPY, EURGBP)

10 января 2024 - Fx4News

EURUSD, "Euro vs US Dollar"

EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1015. However, the price might drop to 1.0890 and continue the uptrend after the correction.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, "US Dollar vs Japanese Yen"

USDJPY has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 146.10 level. However, the price might correct to 143.55 and continue the uptrend after the pullback.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, "Euro vs Great Britain Pound"

EURGBP has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be 0.8620. Upon testing the level and rebounding from it, the price might continue the downtrend. However, the quotes could drop to 0.8580 without pulling back to the support.

EURGBP
Risk Warning: the result of previous trading operations do not guarantee the same results in the future