Murrey Math Lines 17.01.2018 (USD/JPY, USD/CAD)
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart, the USD/JPY pair is expected to break the 6/8 levels and then continue growing to reach the resistance at the 8/8 one.
The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 112.50.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair is expected to test the 6/8 level, rebound from it, and then fall towards the 5/8 one.
At the H1 chart, the pair is expected to test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.
RoboForex Analytical Department
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.