USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to rebound from the 5/8 level and then continue growing towards the resistance at the 6/8 one.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue moving upwards to reach the resistance at the 4/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator once again and, as a result, continue trading to the upside.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is is trading inside the “oversold zone”. If the price rebounds from the -1/8 level, it may start a slight correction towards the 0/8 one.
As we can see in the H1 chart, the pair is also trading inside the “oversold zone” below the 0/8 level. The instrument is expected to test the -2/8 level, rebound from it, and then resume growing to reach the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.2695.
RoboForex Analytical Department