Japanese Candlesticks Analysis 20.02.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after completing another pullback from the support level, EURUSD is forming Hammer, Inverted Hammer, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may resume moving to the downside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is once again testing the resistance level and forming Hanging Man and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction the instrument may continue its ascending tendency.