GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart of GBP USD, the price is constantly forming Engulfing, Hanging Man, Shooting Star, and Doji reversal patterns at the top of pullbacks to confirm the downtrend. After finishing another correction, the pair formed Engulfing pattern and reached the support level. If the price breaks this level, the instrument will continue falling towards the next one at 1.27215.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart, the USD/JPY is slowly falling and forming Doji, Engulfing, Hanging Man, and Harami patterns at the top of pullbacks. However, one should take into account that the price is moving close to the support level and trying to break it, but not successful so far. The downside target is at 108.81.
RoboForex Analytical Department