USDJPY, "US Dollar vs Japanese Yen"
USDJPY quotes remain in the overbought area on D1. The RSI is testing the resistance line. In this situation, a breakout of +1/8 (151.56) is expected, followed by a price decline to the support at 7/8 (148.43). The scenario might be cancelled by rising above +2/8 (153.12), which could reshuffle the Murrey indication and set new price targets.
On M15, yet another breakout of the lower boundary of the VoltyChannel could increase the probability of a price decline.
USDCAD, "US Dollar vs Canadian Dollar"
USDCAD is nearing the overbought area on D1. A divergence has formed on the RSI. In this situation, a test of 8/8 (1.3671) is expected, followed by a rebound from this level and a price decline to the support at 6/8 (1.3427). The scenario might be cancelled by a breakout of the resistance at 8/8 (1.3671). In this case, the pair could rise to +1/8 (1.3793).
On M15, after the quotes test 8/8 (1.3671) on H4, the price decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.
