GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart of GBP USD, the price was falling and constantly forming Doji, Engulfing, and Shooting Star reversal patterns during pullbacks. By now, after finishing another pretty serious correction, the pair formed Engulfing, Belt Hold, and Harami patterns to confirm that the pullback is over. The downside target is at the support level at 1.2861.
EUR USD, “Euro vs. US Dollar”
While moving sideways for some time, the EUR/USD pair formed Harami, Hammer, Long-Legged Doji, Engulfing, and Shooting Star reversal patterns at support and resistance levels, which made it difficult for traders to predict where it was going to move in the future. After some significant growth, the price once again formed Engulfing, Harami, and Doji patterns at the top, which means that the pair may move downwards. The downside target at the support level at 1.1795.
RoboForex Analytical Department