Murrey Math Lines 04.07.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has rebounded from the resistance at the 8/8 level and may resume falling to reach the support at the 5/8 one.
In the H1 chart, the pair may break the 5/8 level and then continue trading towards the 3/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to resume falling towards the downside border.
In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.