Murrey Math Lines: USDJPY, USDCAD
|USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is trading inside the “overbought zone”. Later, the price is expected to test the +1/8 level, rebound from it, and then resume falling towards the support at the 7/8 one.
As we can see in the H1 chart, the pair is also trading inside the “overbought zone”. If the price breaks the 8/8 level, it may continue falling to reach the support at the 6/8 one. Another scenario implies that the instrument may test the resistance at the +2/8 level first and then resume falling towards the 6/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue trading towards 108.59.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may break the 2/8 level and then continue trading up0wards to reach the resistance at the 3/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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