Murrey Math Lines 28.09.2015 (EUR/USD, GBP/JPY)
28.09.2015
Analysis for September 28th, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is still moving in the middle. Earlier, Super Trend formed “bearish cross”. if later the market is able to stay below the 3/8 level, the pair will continue moving downwards to reach the 0/8 one.
At the H1 chart, the price is moving between the 4/8 and 3/8 levels. I’m holding one sell order and planning to increase my position after the pair is able to stay under Super Trends. The closest target is at the 0/8 level: after reaching it, the market may start a local ascending correction.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The pair has rebounded from the 2/8 level during the correction. Earlier, Super trends formed “bearish cross”. It’s highly likely that in the future the price may break the 0/8 level and continue falling inside “oversold zone”.
At the H1 chart, being supported by Super Trends, the pair has been able to stay below the 6/8 level, which means that it may continue falling. Possibly, on Monday the price may break the last week’s low.
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