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Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from Super Trends and broke the 8/8 level. In the nearest future, the price may continue growing towards the 1/8 level. If later the pair breaks this level, the current growth may continue up to the 2/8 one.

As we can see at the H1 chart, the 5/8 level provided support and the pair resumed moving upwards. It’s highly likely that on Tuesday the price 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 is still trading close to the 3/8 level and the daily Super Trend. If the price breaks these levels and fixes above them, the market may continue moving upwards to reach the 4/8 one.

At the H1 chart, the pair rebounded from Super Trends and right now is trying to fix above the 8/8 level. Possibly, the price may break the 2/8 level soon. If later this level is broken, the lines at the chart will be redrawn.

 

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