On H4, USD/JPY is expected to test 8/8, after which a pullback and a fall to the support at 6/8 may occur.
H1 charts show the same Murrey levels as H4, thus confirming the likely 8/8 resistance bounce-off.
In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.
On H4, we can expect USD/USD to test 0/8, which may then lead to a bounce and a rise to the resistance at 2/8.
H1 charts show the same Murrey levels as H4, and the likelihood of the price bouncing off the support at 0/8 is confirmed here.
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.