USDJPY, “US Dollar vs. Japanese Yen”
As we can see In the H4 chart, USDJPY has broken the 5/8 level and right now is consolidating. In this case, the price is expected to continue falling to reach the 3/8 level.
In the H1 chart, the price is trading below the 3/8 level and may continue falling trading to the downside.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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 M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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.