RoboForex - Analytics

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Murrey Math Lines 16.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar"

Murrey Math Lines 11.05.2017 (GBP/JPY)

The EUR/USD pair has hit a new local high and is trying to hold in the "overbought zone". In the near term the price can rise and reach the 2/8 level. If this level is rebound from, the bears can try to resume their downward pressure.

 

Murrey Math Lines 11.05.2017 (GBP/JPY)

On the H1 chart we can soon see a test of the 2/8 level that can become a starting point for a local correction. Earlier, the Super Trend lines formed a "bullish cross". If we see a breakout of 2/8 level afterwards, we'll rebuild our Murray analysis.

 

GBP JPY "Great Britain Pound vs Japanese Yen"

Murrey Math Lines 11.05.2017 (GBP/JPY)

The cross keeps moving between the Super Trend lines. In the course of the day the price can hit a new local high. The nearest target for the bears is 4/8 level. It is confirmed when the pair breaks the Super Trend lines and holds under them.

 

Murrey Math Lines 11.05.2017 (GBP/JPY)

On the H1 chart the pair is being traded in the middle of the Murray picture. During Tuesday we can see a test of 5/8 level. If this mark is rebound from, this can be seen as a start of decline towards 0/8.



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