EUR USD "Euro vs US Dollar"
The EUR/USD pair has rebounded from the 4/8 level and held under the Super Trend H4-line. Consequently, in the near-term the pair can lower to reach 3/8 level. If this level is broken through, we can see the pair moving further towards 2/8.
On the H1-chart, the Super Trend lines have formed a "bearish cross". The nearest target is the 6/8 level. If the price breaks through and holds under it, a yet another descending move towards the 4/8 level will be possible.
GBP JPY "Great Britain Pound vs Japanese Yen"
The cross keeps consolidating. Earlier the Super Trend lines formed a "bearish cross". If the price holds under the 5/8 level afterwards, the market can resume moving downwards to reach 3/8 level.
On the H1-chart the price is being traded between the levels. This continued downside movement is confirmed when a rebound from the 4/8 level occurs and the price holds under the Super Trend lines. If this happens, the level -2/8.will become the next target for the price.