USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has broken the resistance at the 5/8 level and may continue growing towards the 6/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue trading upwards to reach the 5/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to break the 7/8 level and then continue moving upwards to each the resistance at the 8/8 one.
As we can see in the H1 chart, the pair may rebound from the 5/8 level and then continue growing towards the resistance at the 8/8 one.
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.