EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from Super Trends and broke the 8/8 level. In the nearest future, the price may continue growing towards the +1/8 level. If later the pair breaks this level, the current growth may continue up to the +2/8 one.
As we can see at the H1 chart, the 5/8 level provided support and the pair resumed moving upwards. It’s highly likely that on Tuesday the price may break the +2/8 level. In this case, the lines at the chart will be redrawn.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair is still trading close to the 3/8 level and the daily Super Trend. If the price breaks these levels and fixes above them, the market may continue moving upwards to reach the 4/8 one.
At the H1 chart, the pair rebounded from Super Trends and right now is trying to fix above the 8/8 level. Possibly, the price may break the +2/8 level soon. If later this level is broken, the lines at the chart will be redrawn.
RoboForex Analytical Department