Murrey Math Lines 24.10.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is consolidating. In this case, it is expected to break the 4/8 level and fall to reach the support at the 3/8 one.
In the H1 chart, the price is trading inside the “overbought zone”. In this case, the pair is expected to break the 8/8 level and continue falling towards the 5/8 one.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may break the 7/8 level and continue growing to reach the resistance at the 8/8 one.
In the H1 chart, the price is consolidating. In this case, the instrument may break the 5/8 level and continue trading upwards to reach the resistance at the 8/8 one.
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