Analysis for April 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving upwards quite fast. The price has already broken the
7/8 level and stayed above it, which means that the market may continue growing. If the pair breaks the
8/8 level, it may continue moving upwards inside “overbought zone”.
At the H1 chart, the pair rebounded from the
7/8 level, but later was supported by the
6/8 one. This indicates that the market may resume growing and reach the
8/8 level.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The uptrend continues. Yesterday, the price was able to stay above the
5/8 level, which means that the pair may continue growing. The closest target at the
8/8 level: after reaching it, the pair may start a new correction.
At the H1 chart, the pair is moving at the top; bulls are supported by Super Trends. Possibly, the pair may break the
8/8 level during the day and continue growing inside “overbought zone”.
RoboForex Analytical Department