USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY may break the 7/8 level and then continue growing to reach resistance at the 1/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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 moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may break the 2/8 level and then continue growing towards the resistance at the 3/8 one.
As we can see in the H1 chart, the price has rebounded from the support at the 5/8 level and may continue growing towards the resistance at the 8/8 one.
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.