USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 5/8 level and continue growing towards the resistance at the 8/8 one.
In the H1 chart, the price may rebound from the 5/8 level and resume trading upwards to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 one.
As we can see in the H1 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. If the price breaks the resistance at the 0/8 level, the instrument may continue growing towards the 5/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
