Murrey Level Analysis forUSD/JPY and USD/CAD: July 18, 2018
USD/JPY
On H4, USD/JPY is expected to test +1/8, after which a pullback and a fall to 8/8 may occur.
On H1, he price may fall after the support at +1/8 is broken out. The target of such a fall may be located at 8/8.
USD/CAD
On H4, the USD/CAD is trading within a consolidation range between 3/8 and 5/8. Now, once 5/8 gets broken out, the price may rise further to reach the resistance at 7/8.
On H1, the price is overbought, and may start falling once 8/8 gets broken out. The target of this fall may lie at 5/8, which is the support.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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