EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair reached the resistance level and then formed Engulfing and Shooting Star patterns. Considering that the price rebounded from this level not long time ago, we may assume the same may happen again and the instrument may continue trading towards the support level after a slight correction.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair has reached the resistance level and formed several Harami, Engulfing, and Shooting Star patterns. We may assume that these patterns indicate a possible decline towards the support level at 112.145 in the nearest future.
RoboForex Analytical Department