NZDUSD Bullish Harami 4-Hour Chart

Resistance: 0.8084 moderate/0.8098 minor/0.8122 minor

Support: 0.8060 strong/0.8046 moderate/0.8022 minor

Overall bias in NZDUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 0.8084 as the immediate target, possibly further on to 0.8098. A stop loss should be placed below 0.8060, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.


USDJPY Bearish Harami 4-Hour Chart


Resistance: 79.35 minor/79.63 minor 

Support: 79.15 moderate/78.87 strong/78.67 moderate 

We have a low level bearish reversal, Bearish Harami in USDJPY charts. Market is in an uptrend while the pattern is just above a moderate support at 79.15. Short on a close below the said price for a push to 78.87, break of which suggests a reversal for 78.67. Stops should be placed above the patterns high.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices