EUR USD, “Euro vs US Dollar”
After rebounding from the +1/8 level, the EUR/USD pair started plummeting. If the price fixes below the daily Super Trend, the market may continue moving downwards to reach the 5/8 level.
At the H1 chart, the 6/8 level provided resistance. If Super Trends form “bearish cross”, the market may resume falling. The closest target for bears is at the 0/8 level.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair rebounded from the 1/8 level, which means that it may start a new ascending movement. The closest target for bulls is at the 3/8 level and the daily Super Trend.
At the H1 chart, the pair may test the 4/8 level again. If later the price breaks this level and fixes above it, the market may continue moving upwards.
RoboForex Analytical Department