Murrey Math Lines: EUR/USD, GBP/JPY

Analysis for September 18th, 2015

EURUSD, “Euro vs US Dollar”

In case of Eurodollar, the ascending correction continues. If later the price rebounds from the 6/8 level, the pair may resume falling. I’m planning to sell only after the market is able to stay below Super Trends.

As we can see at the H1 chart, the predicted target of the current correction is at the 4/8 level. Possibly, the pair may rebound from this level on Friday. After that, Super Trends may form “bearish cross”.

GBPJPY, “Great Britain Pound vs Japanese Yen”

The pair hasn’t been able to break the 4/8 level of the first try. However, if later the price succeeds and stay above this line, I’m planning to increase my long position. In this case, the intermediate target will be at the 6/8 level.

At the H1 chart, the 6/8 level may provide support. If the pair rebounds from this level and Super Trends form “bullish cross”, the market may resume moving upwards.

Analysis for September 18th, 2015 EURUSD, “Euro vs US Dollar” In case of Eurodollar, the ascending correction continues. If later the price rebounds from the 6/8 level, the pair may resume falling. I’m planning to sell only after the market is able to stay below Super Trends. As we can see at the H1 chart, the predicted target of the current correction is at the 4/8 level. Possibly, the pair may rebound from this level on Friday. After that, Super Trends may form “bearish cross”. GBPJPY,

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