Murrey Math Lines 18.06.2015 (EUR/USD, GBP/JPY)

Analysis for June 18^th, 2015

EUR USD, “Euro vs US Dollar”

After making a fast ascending movement, Eurodollar, probably, continues the correction. If the price is able to stay above the 5/8 level, the market will continue growing. In this case, the closest target will be at the 6/8 level.



As we can see at the H1 chart, Super Trends are still influenced by “bullish cross”. During the local correction, near the 6/8 level I opened a buy order with the target at the 8/8 one. If the market rebounds from the latter level, it may start another descending correction.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The pair continues growing steadily inside “overbought zone”; bulls are supported by Super Trends. If later the pair breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart, the pair is moving in the middle. If later the price is able to stay above the 5/8 level, it will continue moving upwards. I’m planning to move the stop losses on my orders to the previous low as soon as the pair breaks its local high and stays above it.



 
RoboForex Analytical Department