Murrey Math Lines 25.01.2016 (EUR/USD, GBP/JPY)
25.01.2016
Analysis for January 25th, 2016
EUR USD, “Euro vs US Dollar”
The price is still consolidating. Eurodollar hasn’t been able to break the 1/8 level once again, which indicates a possible pullback upwards. If the market breaks Super Trends and stay above them, the pair will continue growing much higher.
As we can see at the H1 chart, Eurodollar is trying to stay above the 2/8 level and the H1 Super Trend. On Monday, the market may grow towards the 4/8 level. If the price breaks this level and stays above it, the pair will continue moving upwards.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The GBP JPY currency pair is moving close to the daily Super Trend. If the price is able to stay above it, the market will continue moving upwards. In this case, the target will be at the 3/8 level.
At the H1 chart, the pair is moving in the middle. Earlier, Super Trends formed “bullish cross”. If the pair can stay above the 5/8 level, the market will continue growing.
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