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Murrey Math Lines 28.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair broke the 4/8 level pretty fast and, as a result, started growing significantly. The closest target is at the 6/8 level. If later the pair rebounds from this level, the market may start a new descending correction.

As we can see at the H1 chart, Super Trends formed “bullish cross”. On Wednesday, the pair may test the 2/8 level. If the price rebounds from this level, the market may resume moving upwards to reach the 4/8 one.

 

GBP JPY “Great Britain Pound vs Japanese Yen”

Yesterday, the GBP/JPY pair broke the 3/8 level along with the daily Super Trend and then reached the 4/8 one. Right now, the price is consolidating close to this level. It’s highly likely that later the market may continue moving upwards to reach the 5/8 level.

At the H1 chart, the pair is being corrected below the 8/8 level. If later the price rebounds from the H1 Super Trend, the market may resume growing and test the 2/8 level.

 

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