Murrey Math Lines 11.10.2017 (GBP/USD, AUD/USD)

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair is expected to test the 3/8 level at 1.3061. However, in order to do that, the price has to break the 4/8 level at 1.3183 first. After breaking this level, the pair may fall towards the 3/8 one, break it as well, and then continue moving downwards to reach the support at the 0/8 level at 1.2695.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator. As a result, the price may break 1.3183 and then continue falling towards 1.3061.

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair is trading below the 0/8 level at 0.7812. If the price breaks this level, it may grow to reach the first target at the 3/8 one at 0.7995.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing and then break 0.7812. In this case, later the price may move upwards with the target at 0.7995.

RoboForex Analytical Department