Japanese Candlesticks Analysis 24.04.2019 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has completed a slight pullback at the support level and formed Hammer and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction and testing the level, 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 close to the resistance level and forming Doji, Engulfing, 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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