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EUR GBP, “Euro vs Great Britain Pound”
As we can see at the H4 chart, the EUR/GBP pair has broken the 7/8 level and fixed above it. Later, the price is expected to reach the 8/8 level at 0.9277, rebound from it, and then resume falling towards the 5/8 one at 0.9094.
At the H1 chart, the 8/8 level at 0.9277 is the same as the 8/8 level from the H4 chart. The future scenario is similar to the H4 chart: the pair may rebound from 0.9277 and start falling to reach 0.9094.
CHF JPY, “Swiss Franc vs Japanese Yen”
As we can see at the H4 chart, the CHF/JPY pair has rebounded from the support at the 0/8 level at 112.50 and, as a result, may grow towards the resistance at the 3/8 one at 114.84.
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At the H1 chart, the price may break the 3/8 level and then continue moving upwards to reach 114.84.
At the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may start a new ascending movement towards 114.84.
RoboForex Analytical Department
Article By RoboForex.com
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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.