EUR/USD
As we can see in the EUR/USD H4 chart, after completing another correction within the uptrend, EUR/USD has formed an "Engulfing" pattern close to the rising channel’s downside border. After reversing, the pair may grow to reach the target at the next resistance level at 1.1950. At the same time, an alternative scenario implies that the instrument may continue falling to return to 1.1790.
USD/JPY
As we can see in the USD/JPY H4 chart, the pair is moving close to the support level. After forming several reversal patterns, including "Hammer", USD/JPY is expected to reverse and move upwards. The upside target may be close to the resistance area at 105.77. Still, there is an opposite scenario, which says that the instrument may continue falling and reach the next support level at 105.05.
EUR/GBP
As we can see in the EUR/GBP H4 chart, after forming a "Hanging Man" pattern and reversing, the pair has formed several more reversal patterns, such as "Doji", not far from the support level. Taking into account a strong rising impulse, the price may reverse and then rebound from the channel’s downside border. The upside target is the next resistance level at 0.9310.
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.