Murrey Math Lines 23.06.2017 (EUR/USD, GBP/JPY)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the 7/8 level, which means that it may resume falling. Earlier, Super Trends formed “bearish cross”. again. As a result, in the nearest future the price may continue moving downwards to reach the 6/8 level. After breaking it, the market may fall much deeper.
At the H1 chart, the 2/8 level provided resistance. If the price fixes below Super Trends, the pair will resume falling and break the local low.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair rebounded from the 3/8 level and right now is consolidating between Super Trends. Consequently, the price may resume moving downwards to reach the 0/8 level.
At the H1 chart, the 7/8 level provided resistance. To confirm a new decline, the pair has to break Super Trends and fix below them. In this case, the price will continue falling towards the 1/8 level.
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