Murrey Math Lines 01.08.2017 (GBP/USD, AUD/USD)

GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD pair reached and broke the 8/8 level at 1.3183, just as expected. Right now, the price is expected to break the above-mentioned level to the downside and start falling towards the 5/8 one at 1.3000.

At the H1 chart, the price is also trading inside the “overbought zone” above the 8/8 level (1.3183). if the price breaks it, the pair may move downwards to reach 1.3000.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair broke the 5/8 level and fixed above it, which means that the price may continue moving upwards to reach the 8/8 one at 0.8300.

At the H1 chart, the pair is expected to test the 5/8 level at 0.7965. if this level is broken, the price may continue growing towards 0.8300.

At the M15 chart, the pair is expected to reach 0.7965 and then break the upside line of the VoltyChannel indicator. If it happens, the price will continue moving upwards to reach 0.8300.

RoboForex Analytical Department