Japanese Candlestick Analysis for EURUSD and USDJPY: July 26, 2018
EURUSD
On H4, the pair has again reached the resistance level, where it has formed several reversal patterns like Hanging Man and Shooting Star. Here we can assume that this is another correction before further growth.
USDJPY
On H4, the pair has again reached the support level on which it has formed a Long-legged Doji and several Hammers.If we draw an analogy between these and previous movements, we can assume that this is another attempt for a bounce off.
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