USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, the decline was stopped by 1/8 earlier, thus indicating a possible trend reverse. In this case, the price may break 2/8 and continue growing towards the resistance at 4/8. However, this scenario may be no longer valid if the price breaks 1/8. After that, the instrument may resume trading downwards to reach the support at 0/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is consolidating. In this case, the pair is expected to grow to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may leave the range and continue falling towards the support at 2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
