Japanese Candlestick Analysis 27.06.2022 (EURUSD, USDJPY, EURGBP) :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, it has lost the shape of the original inverted hammer A reversal pattern close to the support area during the correction. At the moment, the EURUSD may reverse as a new ascending impulse. In this case, the bullish target may be at 1.0595. However, an alternative scenario means that the price may drop to reach 1.0490 and continue to the downside without testing 1.0595.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

As we can see on the four-hour chart, the USDJPY formed several reversal patterns not far from the support area, such as Hammer. At the moment, the asset is reversing in the form of a new bullish impulse. In this case, the bullish target may be at 137.50. At the same time, the opposite scenario indicates that the price may correct to reach 134.15 and resume the upward trend after pulling back.

US dollar / Japanese yen
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

EURGBP, “Euro vs. British Pound”


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As we can see in the H4 chart, after the formation of aт sweeping Near the support zone, the EURGBP is reversing in the form of a new bullish impulse wave. In this case, the bullish target may be the resistance level 0.8655. Later, the market may test this level, break it, and continue moving upwards. However, there may be an alternative scenario, according to which the asset may correct to reach 0.8570 before resuming the upward trend.

EURGBP

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



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