USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to test the resistance at the +1/8 level.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 5/8 level, the instrument may resume growing towards the resistance at the 8/8 one.
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 trading upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to test the resistance at the 8/8 level.
As we can see in the H1 chart, the pair may break the 8/8 level and then continue falling to reach the support at the 5/8 one.
RoboForex Analytical Department