USDJPY Bullish Harami Hourly Chart

Resistance: 79.48 strong/79.66 moderate/79.83 minor 

Support: 79.31 moderate/79.13 minor/78.96 minor

USDJPY is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 79.31, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 79.31 while the immediate target is 79.48, the Pivot Point. A close above 79.48 will have us looking for a rally to 79.66.


NZDUSD Bullish Engulfing 4-Hour Chart

Resistance: 0.8107 moderate/0.8127 minor/0.8149 minor 

Support: 0.8085 strong/0.8065 moderate/0.8043 minor

NZDUSD is generally bullish though prices are just under a moderate resistance at 0.8107. With a mid level bullish candlestick pattern, Bullish Engulfing in 4-Hour charts, look for possible buys on a close above the said price. Immediate target is 0.8127 possibly 0.8149 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 0.8085.


EURUSD Bullish Engulfing Hourly Chart

Resistance: 1.2379 moderate/1.2411 minor/1.2454 minor 

Support: 1.2336 strong/1.2304 moderate/1.2261 minor

EURUSD is generally bullish though prices are just under a moderate resistance at 1.2379. With a mid level bullish candlestick pattern, Bullish Engulfing in Hourly charts, look for possible buys on a close above the said price. Immediate target is 1.2411 possibly 1.2454 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 1.2336.

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