EUR USD "Euro vs US Dollar"
The EUR/USD is once again testing the Murray level 4/8. If price rebounds from this level once again, a further downside move towards the 3/8 and the daily Super Trend line will be possible.
On the H1-chart, price is once again being traded on the 8/8 level. If the pair rebounds from this level afterwards and holds under the Super Trend line, a correction towards 6/8 will come to the fore.
GBP JPY "British Pound vs Japanese Yen"
The cross has rebounded from the Murray level 5/8 the second time. Earlier the Super Trend lines formed a "bearish cross". Consequently, in the short-run the market can move lower towards the 3/8 level.
On the H1-chart the 4/8 level has once again acted as a resistance. If the Super Trend lines form a 'bearish cross", this will be seen as a confirmation of a further move downwards. The nearest target is the -1/8 level. If this level is broken through, the pair can fall even lower.