USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the downside border at the 3/8 level, rebound from it, and then resume growing to reach the resistance at the 5/8 one.
At the H1 chart, the pair may test the 1/8 level, rebound from it, and then resume moving upwards to reach the 6/8 one.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair has broken the 6/8 level and right now is expected to continue growing towards the 7/8 one.
At the H1 chart, the pair is consolidating. The price is expected to grow towards the 5/8 level. After reaching it, the instrument may break it and then continue growing towards the resistance at the 8/8 one.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 1.2573.
RoboForex Analytical Department