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Murrey Math Lines 28.07.2021 USDJPY, USDCAD

28.07.2021USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, after failing to break 18, USDJPY is trading above it. In this case, the price is expected to test 28, break it, and then continue growing to reach the resistance at 38. However, this scenario may no longer be valid if the price breaks 18 to the downside. After that, the instrument may fall towards the support at 08.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 DollarIn the H4 chart, USDCAD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to rebound from 78 and resume growing towards the resistance at 88. Still, this scenario may no longer be valid if the price breaks 78 to the downside. After that, the instrument may continue trading downwards to reach the support at 68.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may 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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