USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY may break the 3/8 level and then continue falling towards the support at the 1/8 one.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may continue falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to continue growing towards the 6/8 level.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue growing to reach the resistance at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
RoboForex Analytical Department