Murrey Math Lines 08.08.2018 (USDJPY, USDCAD)
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.
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