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Murrey Math Lines 30.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair fixed below the 7/8 level, which means that it may start a new correction. The closest target for bears is at the 6/8 level. If later the price breaks this level, the market may continue its descending movement towards the daily Super Trend.

As we can see at the H1 chart, the pair failed to fix above the 3/8 level, which means that it may start a new correction. The closest target is at the 2/8 level. If the price breaks it, the market may continue falling.

 

GBP JPY “Great Britain Pound vs Japanese Yen”

Yesterday, the GBP/JPY pair broke the 5/8 level and fixed above it. It’s highly likely that later the market may continue moving upwards to reach the 6/8 level. If later the price rebounds from this level, the pair may start a new bearish correction.

At the H1 chart, the pair is trading close to the 6/8 level. If later the price fixes above this level, the market may continue growing and test the 8/8 one.

 

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