Japanese Candlesticks Analysis 18.01.2018 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
After updating its closest highs and forming several Engulfing and Shooting Star reversal patterns, the EUR/USD pair has completed another correction along with Hammer patterns, which may indicate that the pullback is over and the instrument may continue growing to reach new highs.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is still moving downwards. By now, it has formed another correction with Shooting Star pattern at the resistance level. This pattern indicates that the pullback is over and the instrument may continue falling.
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