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Murrey Math Lines 22.04.2015 (EUR/USD, GBP/JPY)

Analysis for April 22nd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still consolidating; Super Trends are still influenced by “bearish cross”. Possibly, in the nearest future the market may resume falling. The closest target is at the 1/8 level.



At the H1 chart, the pair is moving at the top. As soon as the price is able to stay below the 8/8 level, the market will resume falling. The local target is at the 6/8 level. If it is broken, bears will continue pushing the price downwards.




GBP JPY, “Great Britain Pound vs Japanese Yen”

The price is trying to resume growing. Probably, Super trends may form “bullish cross” during the day. As soon as it happens, I’m planning to open another buy order with the target at the 4/8 level.



At the H1 chart, the pair is moving in the middle. The price is supported by Super Trends. If the pair is able to stay above the 5/8 level, the market will continue growing towards the 8/8 one.



 
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