Murrey Math Lines 09.10.2017 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair couldn’t continue falling to reach its main target at 1.1596. By now, the price has broken the 0/8 level upwards and is moving above it at the moment, which means that the instrument may continue growing to reach the 3/8 one at 1.1901.

At the H1 chart, the pair is expected to test the 0/8 level, rebound from it, and then resume growing towards 1.1901.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart, the USD/JPY pair is trading close to the 8/8 level at 112.50. if the price breaks this level, the instrument may resume falling towards the 5/8 one at 110.15.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 110.15.

RoboForex Analytical Department