USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still consolidating. In this case, the price may continue growing 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 start a new decline towards the support at 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, trade upwards to reach 5/8 from the H4 chart.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD was stopped by 7/8. In this case, the pair may reverse and start falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 7/8. After that, the instrument may start a new ascending structure towards the resistance at 8/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may resume falling towards 3/8 from the H4 chart.
