USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is moving inside the “oversold area”. In this case, the price may break 0/8 and continue growing to reach the resistance at 3/8. As long as the price is trading below 0/8, the descending tendency may continue to reach 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 trading upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is trading above 5/8. In this case, the pair may continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8. After that, the instrument may start a new descending correction towards the support at 5/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
