Murrey Math Lines 16.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”

After rebounding from the +1/8 level, the EUR/USD pair started plummeting. If the price fixes below the daily Super Trend, the market may continue moving downwards to reach the 5/8 level.

At the H1 chart, the 6/8 level provided resistance and then Super Trends formed “bearish cross”. The closest target for bears is at the -2/8 level.

GBP JPY “Great Britain Pound vs Japanese Yen”

The GBP/JPY pair rebounded from the 1/8 level, which means that it may start a new ascending movement. Right now, the price is testing the 3/8 level and the daily Super Trend. If the pair breaks these levels, the market will continue moving upwards.

At the H1 chart, the pair reached the 8/8 level. If later the price breaks this level and fixes above it, the market may continue growing.

RoboForex Analytical Department