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Murrey Math Lines 30.04.2015 (EUR/USD, GBP/JPY)

Analysis for April 30th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving upwards quite fast.  The price has already broken the 7/8 level and stayed above it, which means that the market may continue growing. If the pair breaks the 8/8 level, it may continue moving upwards inside “overbought zone”.

At the H1 chart, the pair rebounded from the 7/8 level, but later was supported by the 6/8 one. This indicates that the market may resume growing and reach the 8/8 level.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The uptrend continues. Yesterday, the price was able to stay above the 5/8 level, which means that the pair may continue growing. The closest target at the 8/8 level: after reaching it, the pair may start a new correction.

At the H1 chart, the pair is moving at the top; bulls are supported by Super Trends. Possibly, the pair may break the 8/8 level during the day and continue growing inside “overbought zone”.

RoboForex Analytical Department

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