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