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Murrey Math Lines 23.04.2015 (EUR/USD, GBP/JPY)

Analysis for April 23rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving in the middle of the H4 chart. Super Trends are still influenced by “bearish cross”. Possibly, in the nearest future the market may resume falling towards the 1/8 level.

At the H1 chart, the pair is moving at the top; Super Trends have formed “bearish cross”. 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. Yesterday, Super Trends formed “bullish cross”, that’s why I opened another order during the correction. The closest target at the 4/8 level: if the market breaks it, the pair will continue moving upwards.

At the H1 chart, the pair is moving at the top; the price is supported by Super Trends. If the pair is able to stay above the 8/8 level, the market will continue growing inside “overbought zone”.

RoboForex Analytical Department

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