USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. At the moment, the price is expected to fall towards the 4/8 level. However, if the pair breaks the 5/8 level, the instrument may continue growing to reach the resistance at the 8/8 one.
As we can see at the H1 chart, the price is trading inside the “oversold zone” below the 0/8 level. If this level is broken, the instrument may resume growing towards the 3/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 112.50.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair is expected to test the support at the 5/8 level.
As we can see at the H1 chart, the pair has broken the consolidation range and the 3/8 level. In this case, the price may continue falling towards the support at the 0/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
RoboForex Analytical Department