Murray Math Lines 26.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar"

The EUR/USD keeps consolidating between the Murray levels. As long as price has failed to hold above the Super Trend H4-line, in the short-run it is possible that a further rise towards the 5/8 level is possible.

On H1-chart, the 7/8 level acts as a support. If the pair breaks through 8/8 and holds above it, this can be seen as continuation of growth. If this happens, the next target for the bulls will be the +2/8 level.

GBP JPY "British Pound vs. Japanese Yen "

After a series of rebounds from the 5/8 8 level the cross continued to move lower. Earlier the Super Trend lines formed a "bearish cross". In the course of the day, the market can decline further to reach 2/8.

On H1-chart, the 2/8 level has acted as a strong resistance which gave the way to three rebounds at once. If the level -2/8 is broken afterwards, the Murray analysis will be redrawn.