Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, after breaking 7/8, USDJPY is expected to correct downwards to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 7/8 to the upside. After that, the instrument may continue growing towards 8/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator, and, as a result, may continue moving downwards.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, after reaching the 200-day Moving Average, USDCAD is expected to complete the correction, break 7/8 to the downside, and then continue falling with the first target at 6/8. Still, this scenario may no longer be valid if the price breaks the Moving Average to the upside. After that, the instrument may reverse and resume growing towards 8/8.
As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume the descending tendency only after breaking 7/8 from the H4 chart.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- China has shifted to using its own strategic oil reserves Jun 9, 2026
- GBP/USD Remains Under Pressure Despite Attempts to Recover Jun 9, 2026
- SpaceX IPO: Set for $75 billion liftoff Jun 8, 2026
- On Friday, the American stock market experienced one of the strongest crashes in recent times Jun 8, 2026
- EUR/USD at April Lows: What’s Next for the Pair? Jun 8, 2026
- The ceasefire between Israel and Lebanon has reduced the geopolitical premium Jun 5, 2026
- EUR/USD: All Eyes on Non-Farm Payrolls Jun 5, 2026
- The escalation of the conflict in the Middle East put pressure on US and European stock indices Jun 4, 2026
- Gold Remains Under Pressure, but a Rebound Is Still Possible Jun 4, 2026
- Bitcoin drops below the psychological $70,000 level. The US stock indices hit new record highs Jun 3, 2026
