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.

EURUSD

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.

EURUSD

 

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.

GBPJPY

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.

GBPJPY

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.