Japanese Candlesticks Analysis 10.07.2017 (GBP/USD, EUR/JPY)
GBP USD, “Great Britain Pound vs US Dollar”
The previous trading session was closed by Engulfing pattern, which means that the instrument is moving downwards. At the H4 chart of GBP USD, the price formed Doji and Shooting Star reversal patterns, which also confirm that the instrument continues falling. The downside target is the support level at 1.2830.
EUR JPY, “Euro vs Japanese Yen”
The Japanese Yen is still getting weaker against other currencies. At the H4 chart of EUR JPY, the price formed Engulfing, Hammer, Doji, and Stick Sandwich patterns, which confirm that the instrument continues moving upwards. The pair broke resistance levels and is moving towards 132.00.
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