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Murrey Math Lines 22.09.2021 USDJPY, USDCAD

22.09.2021USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, after breaking 08, USDJPY has left the oversold area. In this case, the price is expected to break 18 and then continue growing to reach the resistance at 28. However, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may continue falling towards the support at 18.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, USDCAD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 18 and continue growing towards the resistance at 28. Still, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may reverse and trade downwards to reach the support at 18.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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