Analysis of Murray's level on September 15, 2016
EUR/USD "Euro vs US Dollar"
Currency pair Euro-US Dollar still consolidates. In the short term perspective, it is quite possible that pair would descend towards the mark at 3/8
. If price broke and settled below this level, then further movement towards 1/8
would be possible.
Yesterday we saw another bouncing from the level at 5/8
. Consequently, if pair settled below the SuperTrend lines, then there would be a chance for movement towards the mark 2/8
and local minimum breakage.
GBP JPY "British pound vs Japanese Yen"
Cross pair has shown bouncing from the mark at 7/8
and the 4 hours SuperTrend line, and that is a hint for probable further descending. The closest bearish goal is the level 5/8
, and breakage of this level can lead to more significant currency pair descending.
On 1 hour chart there are just several points from the breaking the level at 7/8
. In case market broke it and settled below the mark at 5/8
during the day, then we would think at the first place about further market dropping towards the line at 3/8