EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the 8/8 level, which means that it may resume moving upwards. Moreover, the price fixed above the H4 Super Trend. As a result, on Thursday the market may break the local high and then test the 2/8 level.
At the H1 chart, the pair is also trading inside the “overbought zone”. In the nearest future, the market may break the 2/8 level. In this case, the lines at the chart will be redrawn.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair broke the H4 Super Trends and right now it trying to fix above the 28 level. If it succeeds, the market will continue its ascending movement towards the 4/8 level and the daily Super Trend.
As we can see at the H1 chart, Super Trends formed ‘’bullish cross”. If the market fixes above the 4/8 level on Thursday, the price may continue moving upwards to test the 6/8 one.
RoboForex Analytical Department