Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset is correcting within the uptrend. While testing the support area, the pair has formed several reversal patterns, including Engulfing. At the moment, EURUSD may reverse and grow towards the next resistance area. In this case, the upside target may be at 1.2145. However, an alternative scenario implies that the price may continue correcting to reach 1.2025 before resuming its ascending tendency.
USDJPY, “US Dollar vs Japanese Yen”
As we can see in the H4 chart, USDJPY has formed several reversal patterns, such as Doji and Engulfing, while testing the support level. At the moment, the asset may reverse and start a new growth towards the resistance area. In this case, the upside target may be at 109.45. At the same time, an opposite scenario implies that the price may fall towards 108.10 and then resume growing.
Free Reports:
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
EURGBP, “Euro vs Great Britain Pound”
As we can see in the H4 chart, the asset continues trading close to the resistance level. After forming several reversal patterns there, such as Harami, EURGBP may reverse and fall to reach the support area. In this case, the downside target may be at 0.8650. Later, the market may break the support level and continue falling. Still, there might be an alternative scenario, according to which the asset may grow to reach 0.8730 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.
- USD/JPY Continues Its Climb: Is There a Limit? Jun 11, 2026
- Investors launched broad profit‑taking in the technology sector. The Bank of Canada kept its rate at 2.25% Jun 11, 2026
- Gold (XAU/USD) Faces Persistent Selling Pressure Jun 10, 2026
- The US technology sector once again came under a wave of selling Jun 10, 2026
- China has shifted to using its own strategic oil reserves Jun 9, 2026
- GBP/USD Remains Under Pressure Despite Attempts to Recover Jun 9, 2026
- SpaceX IPO: Set for $75 billion liftoff Jun 8, 2026
- On Friday, the American stock market experienced one of the strongest crashes in recent times Jun 8, 2026
- EUR/USD at April Lows: What’s Next for the Pair? Jun 8, 2026
- The ceasefire between Israel and Lebanon has reduced the geopolitical premium Jun 5, 2026
