Article By RoboForex.com
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support level, EURUSD may reverse in the form of another rising impulse. The upside target may be at 1.2180. After that, the pair may rebound from the resistance level and resume trading downwards. However, an alternative scenario implies that the price may start a new decline to reach 1.2020 without testing 1.2180.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after rebounding from the channel’s upside border and forming a Shooting Star pattern, the pair is still reversing. The downside target may be the support area at 102.85. After completing another correction, USDJPY may resume trading downwards. At the same time, an opposite scenario implies that the price may continue its growth to return to 104.00 before resuming its decline.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, after forming several reversal patterns, such as Hammer, not far from the support level, EURGBP may reverse and start another pullback. In this case, the correctional target may be at 0.8925. However, judging by previous movements, the pair may yet continue its decline to reach 0.8785 without reversing and correcting.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- GBP/USD Pauses Ahead of Bank of England Rate Decision Mar 17, 2026
- The RBA raised the rate to 4.1% amid a surge in fuel prices. The Canadian dollar strengthened following the inflation data release Mar 17, 2026
- RoboForex Launches Swap-Free Trading for All Clients Mar 16, 2026
- Gold Continues to Decline Amid Fed Expectations Mar 16, 2026
- Investors begin pricing in prolonged stagflation due to the blockade of the Strait of Hormuz Mar 16, 2026
- Iran wants to maintain the blockade of the Strait of Hormuz until the United States closes all its bases in the Middle East Mar 13, 2026
- USD/JPY at Highest Since July 2024: Market Awaits BoJ Intervention Mar 13, 2026
- Oil continues to rise despite record strategic reserve releases by the IEA Mar 12, 2026
- Gold Moderately Lower as Market Pressures Intensify Mar 12, 2026
- IEA deploys strategic reserves to halt soaring oil prices Mar 11, 2026
