Japanese Candlesticks Analysis 03.08.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached the support level once again and formed several Hammer and Harami reversal patterns there. At the moment, it may be assumed that the instrument is trying to rebound from the support level and start another ascending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading close to the support level and forming Doji, Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete its sideways movement soon and rebound from the support level.
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