Murrey Math Lines: EUR/USD, GBP/JPY
|EURUSD, "Euro vs US Dollar"
The EUR/USD pair is still consolidating. Possibly, the price may test the 8/8 level on Monday. If the pair rebounds from this level, the market may continue the current descending correction towards the 6/8 one.
At the H1 chart, Super Trends formed "bullish cross". On Monday, the pair may start a short-term growth towards the 4/8 level. If later the market rebounds from this level, bears may try to resume pushing the price downwards.
GBPJPY "Great Britain Pound vs Japanese Yen"
The GBP/JPY pair rebounded from the daily Super Trend twice. Consequently, in the nearest future the market may return to the 2/8 level. If later the pair rebounds from this level, the market will resume moving upwards.
At the H1 chart, the 8/8 level provided resistance. If later the price fixes below Super Trends and the 6/8 level, the market may continue falling to reach the 4/8 one.
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