Murrey Math Lines 11.09.2017 (GBP/USD, GBP/JPY)

GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD has lest the sales area and right now is trading below the resistance at the 8/8 level at 1.3181. Later, the price is expected to continue falling towards the 5/8 one at 1.3000.

The lines at the H4 and H1 charts are completely the same. The price is also expected to move downwards to reach the 5/8 level at 1.3000.

At the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.

GBP JPY, “Great Britain Pound vs Japanese Yen”

At the H4 chart, the GBP/JPY pair is trading close to the resistance at the 3/8 level at 142.96. If the price rebounds from this level, it may fall towards the support at the 0/8 one at 140.62. Otherwise, the instrument will continue growing to reach the 5/8 level at 144.53.

As we can see at the H1 chart, the price has broken the 5/8 level at 142.57 and may continue falling to reach 140.62. If the pair breaks the 6/8 level at 142.96, the instrument may continue growing towards 144.53.

RoboForex Analytical Department