USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has rebounded from the resistance at 8/8. In this case, the price may break 7/8 and then continue falling to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may start a new growth towards the resistance at +2/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is moving close to 5/8. In this case, the pair is expected to rebound from this level and then resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8. After that, the instrument may continue growing towards 6/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
