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Murray Math Lines 23.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar"

Murray Math Lines 23.05.2017 (EUR/USD)

The EUR/USD pair has broken the Murray 4/8 level and is trying to hold above it. The Super Trend H4-line acts as a support. Consequently, in the near-term the market can resume rising towards the 5/8 level.

 

Murray Math Lines 23.05.2017 (EUR/USD)

On the H1-chart the pair is trying to hold within the "overbought area". If the price holds above the 8/8 mark, afterwards a further rise towards the 2/8 level will be possible. If this level is broken through, the Murray analysis will be redrawn.

 

GBP JPY "Great Britain Pound vs. Japanese Yen"

Murray Math Lines 23.05.2017 (GBP/JPY)

The day before the cross rebounded from the 3/8 level and soon after held under the Super Trend H4 line. Thus, in the coming hours we can see the price moving downwards to the 5/8 level. This level can become a starting point for a local correction.

 

Murray Math Lines 23.05.2017 (GBP/JPY)

On the H1-chart the 2/8 level acts as a support. The Super Trend lines are still influenced by the "bearish cross" and this clears the way for a further downside move towards -2/8 level.



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