NZDUSD Bullish Harami Hourly Chart
Resistance: 0.8241 moderate/0.8289 strong/0.8321 moderate
Support: 0.8209 minor/0.8161 minor
We have a low level bullish reversal pattern in Hourly NZDUSD charts, Bullish Harami. Look for a possible technical correction. Consider buys if the pattern is confirmned with stops ideally under 0.8209. The immediate objective will be a push for 0.8241 break of which opens us to a reversal for a move to the 0.8289, the daily Pivot Point.
USDJPY Bullish Engulfing Hourly Chart
Resistance: 78.35 minor/78.49 minor
Support: 78.25 moderate/78.11 strong/78.01 moderate
Market is generally bullish with Bullish Engulfing suggesting a further push up. Given that the pattern is a medium reliability setup consider going long the immediate objective at 78.35 possibly a run to 78.49. Stop losses ideally should be under 78.25 though a tighter stop under the pattern low is also viable. It is best to wait for a confirmation.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices