Article By RoboForex.com
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair has reached the downside border of the consolidation channel at the 3/8 level at 108.59. The price is expected to rebound from this level and start growing towards the upside border at the 5/8 one at 110.15.
At the H1 chart, the price may break the 3/8 level at 108.98 and, as a result, grow towards 110.15.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator. As a result, the price may continue moving upwards to reach 110.15.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
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At the H4 chart, the NZD/JPY pair is trading close to the support at the 0/8 level at 78.12. The price is expected to rebound from this level and start growing towards the 3/8 one at 80.46.
At the H1 chart, the price may break the 3/8 level at 78.71 and continue growing to reach 80.46.
At the M15 chart, the price is expected to break the upside line of the VoltyChannel indicator and, as a result, grow towards 80.46.
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.