Japanese Candlesticks Analysis 22.03.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

After rebounding from the support level in the H4 chart, EURUSD has reached another resistance level and formed Harami reversal pattern there. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while before starting a new growth to update its closest highs.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has reached the support level once again and formed Harami reversal pattern there. At the moment, it may be assumed that the price may be corrected before breaking the support level and updating its lows.

RoboForex Analytical Department