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Murrey Math Lines for 11.09.2021 USDJPY, USDCAD

11.08.2021USDJPY, US Dollar vs Japanese YenOn H4, the quotations have broken through the 200days Moving Average and are trading above it, hinting on a possible development of an uptrend. We expect the level of 48 to be tested, then broken away, and further growth of the price to 58. The scenario might be cancelled by a breakaway of 38 downwards. In this case, the quotations might fall to the support level of 28.On M15, the upper line of the VoltyChannel indicator is broken, which increases the probability of further price growth.USDCAD, US Dollar vs Canadian DollarThe quotations are trading above the 200days MA, indicating the dominance of an uptrend. We expect the level of 68 to be tested and broken away. Then the price should grow to the resistance level of 78. The scenario might be canceled by a breakaway of 58 downwards. This might provoke further falling to the support level of 48.On M15, further growth of the price will be supported by a breakaway of the upper border of VoltyChannel.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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