Analysis of Murray's level for EUR/USD, and GBP/JPY on 15.09.2016
15.09.2016
Analysis of Murray's level on September 15, 2016
EUR/USD "Euro vs US Dollar"
Currency pair Euro-US Dollar still consolidates. In the short term perspective, it is quite possible that pair would descend towards the mark at 3/8. If price broke and settled below this level, then further movement towards 1/8 would be possible.
Yesterday we saw another bouncing from the level at 5/8. Consequently, if pair settled below the SuperTrend lines, then there would be a chance for movement towards the mark 2/8 and local minimum breakage.
GBP JPY "British pound vs Japanese Yen"
Cross pair has shown bouncing from the mark at 7/8 and the 4 hours SuperTrend line, and that is a hint for probable further descending. The closest bearish goal is the level 5/8, and breakage of this level can lead to more significant currency pair descending.
On 1 hour chart there are just several points from the breaking the level at 7/8. In case market broke it and settled below the mark at 5/8 during the day, then we would think at the first place about further market dropping towards the line at 3/8.
EUR/USD "Euro vs US Dollar"
Currency pair Euro-US Dollar still consolidates. In the short term perspective, it is quite possible that pair would descend towards the mark at 3/8. If price broke and settled below this level, then further movement towards 1/8 would be possible.
Yesterday we saw another bouncing from the level at 5/8. Consequently, if pair settled below the SuperTrend lines, then there would be a chance for movement towards the mark 2/8 and local minimum breakage.
GBP JPY "British pound vs Japanese Yen"
Cross pair has shown bouncing from the mark at 7/8 and the 4 hours SuperTrend line, and that is a hint for probable further descending. The closest bearish goal is the level 5/8, and breakage of this level can lead to more significant currency pair descending.
On 1 hour chart there are just several points from the breaking the level at 7/8. In case market broke it and settled below the mark at 5/8 during the day, then we would think at the first place about further market dropping towards the line at 3/8.
Attention!
Forecasts presented in this section only reflect the author’s 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.