USDJPY, “US Dollar vs Japanese Yen”
USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to the nearest resistance at 7/8 (159.37). A breakout below the 6/8 (156.25) support level could cancel this scenario, leading to a potential decline to 5/8 (153.12).
On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 8/8 (1.3671) level and rise further to the +1/8 (1.3793) resistance level. A breakout below the 7/8 (1.3549) level could cancel this scenario, leading to a potential decline to the 6/8 (1.3427) support level.
On M15, the upper line of the VoltyChannel is broken, which increases the probability of price growth.
