Murrey Math Lines 10.07.2017 (GBP/USD, AUD/USD)

GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD pair is moving between the 5/8 and 3/8 levels. The price is expected to rebound from the 3/8 level at 1.2878 and grow towards the 5/8 one at 1.3005. However, if the pair breaks the 3/8 level, it may continue falling to reach the 0/8 one at 1.2695.

The lines at the H1 and the H4 charts are completely the same. The pair is also moving between the 3/8 and the 5/8 levels, so expectations are the same as above-said.

At the M15 chart, the pair broke the upside line of the VoltyChannel indicator. Possibly, the price may grow up to 1.3005. However, if the pair falls and breaks the downside line of the indicator, it may continue moving downwards to reach 1.2695.

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair expected to grow towards the 5/8 level at 0.7629, rebound from it, and then start moving downwards to reach the 3/8 one at 0.7507.

As we can see at the H1 chart, the resistance is at the 4/8 level at 0.7629, which is the same as the 5/8 level from the H4 chart. The price is expected to reach 0.7629, rebound from this level, and then fall towards the downside target at 0.7507.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 0.7507.

RoboForex Analytical Department