Murrey Math Lines 06.09.2017 (USD/JPY, NZD/JPY)

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair has reached the downside border of the consolidation channel at the 3/8 level at 108.59. The price is expected to rebound from this level and start growing towards the upside border at the 5/8 one at 110.15.

At the H1 chart, the price may break the 3/8 level at 108.98 and, as a result, grow towards 110.15.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator. As a result, the price may continue moving upwards to reach 110.15.

NZD JPY, “New Zealand Dollar vs Japanese Yen”

At the H4 chart, the NZD/JPY pair is trading close to the support at the 0/8 level at 78.12. The price is expected to rebound from this level and start growing towards the 3/8 one at 80.46.

At the H1 chart, the price may break the 3/8 level at 78.71 and continue growing to reach 80.46.

At the M15 chart, the price is expected to break the upside line of the VoltyChannel indicator and, as a result, grow towards 80.46.

RoboForex Analytical Department