Japanese Candlesticks Analysis 28.09.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9640. However, an alternative scenario implies that the price may fall to break 0.9485 and continue the downtrend without any pullbacks.



USDJPY, “US Dollar vs Japanese Yen”

As we can see in the H4 chart, USDJPY has formed a Hanging Man reversal pattern not far from the resistance level. At the moment, the asset may reverse and form a new descending impulse. In this case, the downside target may be at 143.70. At the same time, the opposite scenario implies that the price may grow to reach 146.35 and continue the uptrend without any pullbacks down to the support area.



EURGBP, “Euro vs Great Britain Pound”

As we can see in the H4 chart, after forming a Harami reversal pattern during the pullback, EURGBP is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 0.9090. Later, the market may test this level, break it, and continue moving upwards. Still, there might be an alternative scenario, in which the asset may correct to reach 0.8695 first and then resume the uptrend.



Source: Roboforex

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