USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair has failed to fix below the 5/8 level at 113.28. Right now, the price is expected to continue growing towards the first target at the 7/8 level at 114.84.
At the H1 chart, the pair is expected to break the 2/8 level. After that, the lines at the chart will be redrawn.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair has rebounded from the support at the 0/8 level at 0.6835 and is trying to fix above the 1/8 one at 0.6897. As a result, the price may continue growing towards the 3/8 level at 0.7019.
The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.