Japanese CandleSticks Analysis 17.07.2017 (EUR/USD, USD/JPY)
17.07.2017
USD/JPY
The US Dollar may decline lower against the Japanese Yen. On the H4 chart the previous correction has been completed with a downside move. For the time being, there is a new correction move with Harami and Shooting Star candlesticks being developed.
EUR/USD
On the H4-chart the pair is completing an ascending move and making a correction having formed multiple Engulfing and Hanging Man reversal candlesticks. The pair can move even lower towards the support level 1.1337.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.