13 Apr

Japanese Candlesticks Analysis 13.04.2023 (EURUSD, USDJPY, EURGBP)

April 13, 2023

By RoboForex.com

EURUSD, “Euro vs US Dollar”

On H4 near the resistance, EURUSD has formed a Harami reversal pattern. The instrument may now go by the reversal signal in a descending wave. The target for the correction might be 1.0935. However, the pair may grow to 1.1040 and continue the uptrend without testing the support.

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 has formed a Hammer reversal pattern. The instrument is now going by the reversal signal in an ascending wave. The target for the growth might be 134.10. However, the price may pull back to 132.70 and continue the uptrend after correcting to the support.

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

EURGBP, “Euro vs Great Britain Pound”

On H4, EURGBP has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the decline might be the support at 0.8770. Upon testing and breaking it, the price could continue the downtrend. However, the quotes may correct to 0.8815 before declining.

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.


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