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Murrey Math Lines 27.04.2022 USDJPY, USDCAD

27.04.2022USDJPY, US Dollar vs. Japanese YenIn the H4 chart, USDJPY is trading within the overbought area. In this case, the price is expected to test 18, rebound from it, and then resume falling to reach the support at 88. However, this scenario may no longer be valid if the price breaks the resistance at 18 to the upside. After that, the instrument may continue moving towards 28.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 trading downwards.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, USDCAD is also moving inside the overbought area; it has already rebounded from the resistance at 18. In this case, the price may break 88 and then continue falling towards the support at 78. On the other hand, this scenario may no longer be valid if the pair breaks the resistance at 18 to the upside. After that, the instrument may reverse and move upwards to reach 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.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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