USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to grow to reach the downside border of the consolidation range at the 3/8 level.
In the H1 chart, the scenario may be a bit different. The price may rebound from the resistance at the 5/8 level and then resume falling towards the support at the 5/8 one.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading inside the “overbought zone” and may resume falling towards the support at the 6/8 level.
In the H1 chart, the scenario may be different. The price is trading above the 5/8 level and may continue trading upwards to reach the resistance at the 8/8 one.
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.
