USDJPY, “US Dollar vs Japanese Yen”
USDJPY quotes and the RSI remain in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) level, rebound from it, and decline to the support at 0/8 (150.00). The scenario could be cancelled by surpassing the +2/8 (156.25) level, which might reshuffle the Murrey indication, setting new price movement targets.
On M15, following a rebound from the +2/8 (156.25) level on D1, the price decline could be additionally confirmed by a breakout of the lower line of the VoltyChannel.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD quotes have breached the 8/8 (1.3671) level and exited the overbought area on D1. The RSI has broken below the support line. In this situation, the price is expected to maintain its downward trajectory towards 6/8 (1.3427). The scenario could be cancelled by rising above the 8/8 (1.3671) level. In this case, the pair might resume growth, with the quotes returning to the +1/8 (1.3793) resistance level.
On M15, the lower line of the VoltyChannel is broken, which increases the probability of a price decline.
Source: Roboforex
