Japanese Candlestick Analysis for EURUSD and USDJPY: 21/03/2019

EURUSD

On H4, the pair rose and hit another resistance, where it is forming reversal patterns, such as hanging man and falling star. By analyzing the previous moves, one can assume the EURUSD may start forming a new uptrend after a correction.

USDJPY

On H4, the pair is going down, stopping near the support levels and forming reversal patterns, such as hammer and inverted hammer. By analyzing the previous moves, one can assume USDJPY may start forming a new uptrend after a correction.