EUR/USD
As we can see in the H4 chart, after forming a "Shooting Star" pattern close to the resistance level, EUR/USD is expected to start reversing. The downside target remains at 1.1155. At the same time, there is another scenario, which implies that the price may continue trading upwards without testing support at 1.1155.
USD/JPY
As we can see in the H4 chart, USD/JPY is still trading not far from support and forming reversal patterns, such as a "Hammer". At the moment, the pair is reversing. The current situation implies that the market may resume the ascending tendency towards 107.65. Still, there is an opposite scenario, which says that the instrument may break the support area and continue trading downwards to reach 106.45.
EUR/GBP
As we can see in the H4 chart, after testing the resistance level and forming a "Harami" pattern, EUR/GBP has reversed; right now, it is trading upwards. The upside target is at 0.9095. After that, the instrument may continue the ascending tendency. However, there might be another scenario according to which the instrument may fall and return to 0.9000.
Disclaimer: 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.