Japanese Candlestick Analysis for EURUSD and USDJPY: 24.09.2018
EURUSD
On H4, the pair is rising and has reach yet another resistance where it is correcting and forming reversal patterns, such as the engulfing pattern, doji, and harami. These candlestick patterns signal a correction is going to happen before the uptrend continues.
USDJPY
On H4, the pair is rising and testing another resistance, at the same time forming reversal patterns, such as engulfing pattern, and falling star. At this stage, there is a correction forming. By analyzing the previous moves, one can assume USDJPY will succeed in rising again after the pullback.
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