USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. The price is expected to reach the upside border of the range at the 5/8 level, rebound from it, and then resume falling towards the 3/8 one.
At the H1 chart, the pair may test the 2/8 level and then continue moving downwards to reach the support at the 0/8 one. However, if the price breaks the 1/8 level, the instrument may fall towards the support level without testing the 2/8 one.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may move upwards to reach 113.28.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair is testing the 3/8 level (1.2878). The price is expected to rebound from this level and move downwards and reach the support at the 0/8 one.
At the H1 chart, the price may break the 5/8 level and continue falling towards 1.2695.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling to reach the main target at 1.2695.
RoboForex Analytical Department