USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 5/8 level, rebound from it, and then resume falling to reach the support at the 3/8 one.
In the H1 chart, the pair is testing inside the “overbought zone”. If the price breaks the +1/8 level, the instrument may start a new decline to reach the support at the 6/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading to the downside.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to fall towards test the support at the 0/8 level.
In the H1 chart, the pair may break the 3/8 level and then continue trading towards the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
