Japanese Candlesticks Analysis 02.05.2019 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has rebounded from the support level; right now, it is forming another correction with Engulfing and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may resume moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading sideways close to the resistance level and forming Doji, Long-Legged Doji, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing its sideways movement the instrument may continue its ascending tendency.
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