Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
On D1, the quotations renewed the last high and the long-term level of 61.8% Fibo. The impulse of growth that we see is aimed at 76.0% (1.3660). In such a confident trend, there is a local divergence forming,which might signal a pullback. The nearest goal of the decline may be the local support level at 50.0% Fibo (1.2895).
On H4, there is a pullback beginning after the growth and a divergence on the MACD. The nearest goal of the decline is 23.6% Fibo (1.3192). The next goals of the correctional decline might be 38.2% (1.3012) and 50.0% (1.2868). If the high at 1.3482 is broken away, this will signal the continuation of 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”
On H4, the pair is renewing the high and is entering the post-correctional extension area of 138.2-161.8% Fibo (126.38-127.59)for the second time. Also, there is a divergence on the MACD, which may precede a correctional decline. The first goal of the correction will be 23.6% (125.24). The resistance is at 127.07.
On H1, the picture of the decline beginning after a divergence is more detailed. After the first wave reaches 23.6% (125.24), the next wave will aim at 38.2% (124.12), 50.0% (123.21), and 61.8% (122.28) Fibo. A breakaway of 127.07 will mean further growth.
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.
- Bitcoin has dropped below $70,000. The Bank of Mexico held its rate at 7% Feb 6, 2026
- Gold Closes with a Decline for the Second Week in a Row: Fewer Risks Feb 6, 2026
- The British Index has hit a new all-time high. Silver has plummeted by 16% Feb 5, 2026
- GBP/USD Under Local Pressure: Focus on Bank of England Signals Feb 5, 2026
- Bitcoin has plummeted to a 14-month low. Silver jumped by more than 10% Feb 4, 2026
- Gold is Back in the Black: Geopolitics Dictates Conditions Again Feb 4, 2026
- US natural gas prices collapsed by 21%. The RBA raised its interest rate by 0.25% Feb 3, 2026
- What goes up must come down… Feb 2, 2026
- Donald Trump appoints a new successor for the Fed chair. Precious metals hit by sell-off Feb 2, 2026
- USDJPY Realises Correction: BOJ Policy Weighs on Yen Feb 2, 2026
