Murrey Math Lines 27.06.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to break the support at the 5/8 level and continue falling to reach the 3/8 one.
In the H1 chart, the pair may rebound from the 3/8 level and then continue trading towards the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 108.98.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD may grow to reach the 6/8 level, rebound from it, and then resume falling towards the support at the 4/8 one.
In the H1 chart, the price is expected to test resistance at the 8/8 level, rebound from it, and then resume trading towards the support at the 4/8 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.