USD/JPY, “US Dollar vs Japanese Yen”
USDJPY are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has broken the resistance line. In this situation, the quotes are expected to rise above 8/8 (150.00), from where they might proceed to +1/8 (150.78). The scenario can be cancelled by a rebound from 8/8 (150.00). In this case, the pair could drop to the support at 6/8 (148.43).
On M15, the upper boundary of the VoltyChannel is broken. This fact increases the probability of further price growth.
USD/CAD, “US Dollar vs Canadian Dollar”
USDCAD quotes are in the overbought area on H4. The RSI is approaching the resistance line. In this situation, a downward breakout of +1/8 (1.3732) is expected, followed by a decline to the support at 7/8 (1.3610). The scenario can be cancelled by rising above +2/8 (1.3793), which will reshuffle the Murrey indication so that new price targets will be set.
On M15, the decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.
