Article By RoboForex.com
EURUSD
On H4, the pair is making pullbacks and forming reversal patterns, such as Hammer and Harami. Previously, this usually lead to the price rising after the correction phase, so this time we can expect the same.
USDJPY
On H4, the pair has again broken out the resistance, while also forming a few Dojis and Falling Stars, which are reversal patterns. According to the previous similar cases, this is likely to be an attempt to stop the correction before forming a new uptrend.
Article By RoboForex.com
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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.
