EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
USD/JPY: bears going to deliver new local low
There’s a bullish “Hammer”, which hasn’t been confirmed. Also, the last candles are bearish, so the market is likely going to decline towards the nearest “Window”. If any bullish pattern arrives afterwards, there’ll be an opportunity to have a bullish correction.
The price is consolidating, so the upper “Window” is acting as a resistance. In this case, bears are likely going to deliver a new local low during the day.
Anastasia Mileshkina
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