USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after breaking 3/8, USDJPY is consolidating. In this case, the price may continue growing towards the resistance at 4/8. However, this scenario may be no longer valid if the price breaks 3/8. After that, the instrument may resume trading downwards to reach the support at 2/8.
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 trading upwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, bears have failed to break 3/8. Bulls start dominating and may push the price towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue falling towards the support at 2/8.
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.
