Murray Math Lines 25.06.2012 (USD/JPY, EUR/JPY, SILVER)
25.06.2012 / 13:11
ANALYSIS FOR JUNE 25TH, 2012
It looks like the USD/JPY currency pair is going to make a reverse. Most likely, the bulls won’t even be able to reach the 4/8 level. We can’t exclude a possibility that the price may start falling down again in the nearest future. The target is still at the 0/8 level.
At the H1 chart the pair may grow up a bit, but after that it will probably make a reverse. First of all, the bears have to break the 4/8 level. If they succeed, the price will continue moving downwards.
EUR/JPYAfter rebounding from the 5/8 level, the bears has moved very close to the 4/8 one. If they break this level, the price will continue moving downwards. Then the sellers have to break the daily Super Trend and the price will continue falling down towards the 0/8 level.
At the H1 chart the pair is also moving near the 4/8 level. There is a possibility that the market may break this level within the next several hours and the price will continue falling down towards the 0/8 level.
SILVERAfter making a rapid descending movement, Silver is consolidating again. In the near term, the price may continue the correction, but later it will probably start moving downwards again. There is a possibility that the instrument may break the -2/8 level within the next several days and the lines at the chart will be redrawn.
The lines at the H1 and the H4 charts are completely the same. The bears are supported by the H1 Super Trend’s line. It looks like the price is going to rebound from the current levels and the market will continue falling down.