Japanese Candlesticks Analysis 17.01.2019 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is testing the support level and forming Harami, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the pullback the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading close to the resistance level and forming Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction the instrument may continue its descending tendency.
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