Murrey Math Lines 01.04.2019 (EURUSD, GBPUSD)
In the H4 chart, the pair is no longer trading inside the “oversold zone” and may continue growing to reach the resistance at the 3/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to rebound from the 3/8 level and resume falling towards the support at the 1/8 one.
As we can see in the H1 chart, the pair is trading below the 3/8 level. In the future, the price may test the 2/8 level, rebound from it, and then resume its decline to reach the support at the 0/8 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.