EUR USD, “Euro vs US Dollar”
Super Trends formed “bearish cross”, which means that the price may continue falling. Earlier, the EUR/USD pair rebounded from the 1/8 level. The closest target is at the 5/8 level. After reaching it, the market may start a new correction.
At the H1 chart, the pair is consolidating below the 1/8 level and the H1 Super Trend. On Wednesday, the price may continue falling towards the -2/8 level. If later the pair breaks this level, the lines at the chart will be redrawn.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair rebounded from the daily Super Trend several times and then started plummeting. Taking into account that the market broke the 2/8 level, in the future it is expected to continue falling. The closest target is at the 0/8 level.
At the H1 chart, the pair fixed below the 3/8 level and may continue falling. After finishing the local correction, the market may continue moving downwards to reach the -1/8 level.
RoboForex Analytical Department