GBPUSD Morning Star (Doji) Hourly Chart
Resistance: 1.5774 moderate/1.5813 minor/1.5883 minor
Support: 1.5704 strong/1.5665 moderate/1.5595 minor
GBPUSD has a high credibility bullish pattern Morning Star (Doji) in Hourly charts. With prices just above a strong support 1.5704, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1.5774 break of which open us to a run for 1.5813 and a possible uptrend.
EURUSD Bullish Harami Hourly Chart
Resistance: 1.2400 moderate/1.2446 minor/1.2518 minor
Support: 1.2328 strong/1.2282 moderate/1.2210 minor
Overall bias in EURUSD 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 1.2400 as the immediate target, possibly further on to 1.2446. A stop loss should be placed below 1.2328, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices