USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to continue growing and break the resistance at the 8/8 level. In this case, the target will be at the +1/8 one.
As we can see in the H1 chart, the pair may continue moving upwards to reach the resistance at the +2/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading towards 110.15.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to trade towards the 3/8 level.
As we can see in the H1 chart, the pair has rebounded from the 6/8 level. Later, the price is expected to move upwards to reach the resistance at the 8/8 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 trading upwards.
RoboForex Analytical Department