Japanese Candlestick Analysis 14.06.2022 (EURUSD, USDJPY, EURGBP)

June 14, 2022

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

On H4, the pair formed a reversal Hammer pattern at the support level. Currently, if the pair goes by the signal, it might provoke an ascending impulse. The goal of the growth will be 1.0490. However, the price can still fall to 1.0340 without a pullback to the resistance level.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

On H4, the pair formed a Hanging Man pattern near the resistance level. Going by the pattern now can result in a correction impulse. The goal of the decline is 133.90. However, the pair can grow to 136.15 and continue the uptrend without a pullback to the support level.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, “Euro vs Great Britain Pound”


Free Reports:

Get Our Free Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly 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.





On H4 at the resistance level the pair formed a Shooting Star. Going by the pattern can result in a correction impulse. The goal of the pullback can be 0.8530. Upon testing it and bouncing off it, the pair has a chance for continuing the uptrend. However, the quotes can grow to 0.8615 without a pullback to the support level.

EURGBP

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.