Japanese Candlesticks Analysis 13.07.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues growing and forming slight pullbacks from time to time with Hammer and Inverted Hammer reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another pullback and then continue its ascending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after breaking the resistance level, USDJPY is once again being corrected and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movement, it may be assumed that the instrument may finish this pullback soon and then continue trading to the upside.
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