Japanese Candlesticks Analysis 25.10.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has completed Harami reversal pattern close to the channel’s downside border. Later, after reversing, the price may rebound and resume growing to reach 1.1206. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1081.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after breaking the support level, USDJPY continues moving sideways. By now, it has formed Hammer reversal pattern. After completing the correction, the pair may reverse and continue growing to reach 109.14. After testing this level and finishing another pullback, the price may resume its ascending tendency.