Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. After breaking the long-term 50.0% fibo and entering the post-correctional extension area between 138.2% and 161.8% fibo at 1.3026 and 1.3158 respectively, the pair forming a new short-term pullback. The support is at 1.2813. The next rising impulse may be heading towards the long-term 61.8% fibo at 1.3243.
In the H1 chart, the divergence on MACD made the price start a new correction, which has already reached 23.6% fibo. The next correctional targets may be 38.2% and 50.0% fibo at 1.2918, and 1.2184 respectively. However, if the price breaks the high at 1.3170, the instrument may continue the uptrend.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
EURJPY, “Euro vs. Japanese Yen”
As we can see in the H4 chart, after completing a short-term pullback, EURJPY stared a new rising impulse, which has already broken the high at 124.43 and may continue moving towards the long-term 50.0% fibo at 125.94 and then the post-correctional extension area between 138.2% and 161.8% fibo at 126.38 and 127.57 respectively. The support is the fractal low at 119.31.
In the H1 chart, the instrument is correcting in the form of a Triangle after a local divergence on MACD. The first descending wave has already reached 23.6% fibo, while the next one can be heading towards 38.2% and 50.0% fibo at 123.33 and 122.74. A signal that the correction is over will be a breakout of the high at 125.21.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Oil prices remain volatile. The Reserve Bank of Australia signals further rate hikes May 19, 2026
- Gold Recovers Some Losses: What’s Driving the Market? May 19, 2026
- Economic activity in China is slowing. Silver has fallen by more than 8% May 18, 2026
- USD/JPY Rises for Sixth Straight Day: Yen Back on the Cusp of Intervention May 18, 2026
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
- The oil market may remain in a state of severe supply shortage until autumn May 14, 2026
- GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister? May 14, 2026
- European stock markets declined amid rising concerns about an energy crisis May 13, 2026
- USD/JPY Continues to Climb Amid External and Domestic Pressures May 13, 2026
