USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading inside the “overbought zone”. If the price breaks the 8/8 level, it may resume falling to reach the 6/8 one.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. Later, the price may break the 3/8 level and then continue trading downwards to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the 4/8 level, rebound from it, and then resume falling towards the support at the 3/8 one.
In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.
