1. EUR/USD
As we can see in the H4 chart, the ascending tendency continues. After forming a "Shooting Star" pattern not far from the resistance level, EUR/USD has started reversing. Considering the current bullish dynamics, the price may form a slight pullback and then resume trading upwards to reach the next resistance level at 1.1795. At the same time, an alternative scenario implies that the instrument may continue falling to return to 1.1450.
2. USD/JPY
As we can see in the H4 chart, after testing the support area and forming a "Hammer" pattern, USD/JPY has started reversing. The current situation implies that after a slight correction the market may resume trading downwards to reach support level at 105.00. Still, there is an opposite scenario, which says that the instrument may grow towards 106.30.
3. EUR/GBP
As we can see in the H4 chart, the pair is moving inside the rising channel again. By now, after finishing an "Inverted Hammer" pattern, EUR/GBP is still reversing. The upside target is at 0.9155. Later, the price may continue moving upwards to update the highs. However, there might be another scenario, according to which the asset may fall and return to the support level at 0.9065 before starting a new growth.
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.