USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is consolidating. In this case, it is expected to break the 4/8 level and grow to reach the resistance at the 5/8 one.
In the H1 chart, the price is expected to test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 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.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to fall towards the 3/8 level.
In the H1 chart, the price may test the 5/8 level, rebound from it, and then resume falling towards the support at the 2/8 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 trading downwards.
