USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
In the H1 chart, the price may break the 5/8 level and the continue trading downwards to reach the support at the 4/8 level.
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 moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
As we can see in the H1 chart, the price is trading inside the “overbought zone”. In this case, the pair may break the 8/8 level and then continue trading downwards to reach the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards.
