GBP USD, “Great Britain Pound vs US Dollar”
As we can see at the H4 chart, the GBP/USD pair is trading close to the upside border of the consolidation range near the 5/8 level at 1.3305. The price is expected to rebound from this level and start falling towards the downside border near the 3/8 one at 1.3061.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 1.3061.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is slowly falling towards its first target at the 5/8 level at 110.15. Right now, the price has to break the 7/8 level at 111.71. In this case, this scenario will continue.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 110.15.
RoboForex Analytical Department