Murrey Math Lines 15.03.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”

After rebounding from the 7/8 level, the EUR/USD pair moved back to the 6/8 one. If later the price fixes below Super Trends, the market may continue moving downwards. The closest target is at the 4/8 level.

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price rebounds from the 5/8 level during the day, the market may resume falling towards the 1/8 one.

GBP JPY “Great Britain Pound vs Japanese Yen”

The GBP/JPY pair rebounded from the daily Super Trend and the 4/8 level again. As a result, the price may resume falling. The closest target is the 0/8 level.

As we can see at the H1 chart, the 8/8 level provided resistance. To confirm a new decline, the pair has to fix below Super Trends. in the nearest future, the market may reach the 4/8 level.

RoboForex Analytical Department