Japanese Candlesticks Analysis 14.07.2017 (USD/JPY, GOLD)
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the price formed several Shooting Star patterns during the correction, which means that the correction completed and the price may continue falling towards the support level at 112.55.
XAU USD, “Gold vs US Dollar”
At the H4 chart of XAU USD, Inverted Hammer, Long-Legged Doji, and Engulfing patterns indicate that the current descending tendency may reverse. While making a reverse, the price may form Inverted Head & Shoulders pattern. The upside target is the resistance level at 1241.50.
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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.