Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the market renewed the last important high of 1.3482, but after a divergence the quotations started pulling back. When the correction is over, the growth might resume to the long-term level of 76.0% (1.3664) and then – to the post-correctional extension area of 138.2-161.8% (1.3792-1.3980) Fibo. The local resistance is at 1.3539.
On H1, we can see a correctional phase beginning. The first fast impulse of decline has reached 38.2% Fibo. Further falling might be aimed at 50.0% (1.3196) and 61.8% (1.3115), but the correctional growth we see might turn into a full-scale new wave of growth aiming above the peak of 1.3539.
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
EURJPY, “Euro vs Japanese Yen”
On H4, the wave of growth has stopped developing near the high of 127.07. After this high is broken, the quotations might rise to the medium-term level of 61.8% (128.65), and after it is broken – to the upper post-correctional extension range of 138.2-161.8% (129.15-130.40) Fibo. The main support is at the fractal low of 121.62.
On H1, the pair demonstrates sideways correctional dynamics inside a short-term local post-correctional extension area of 138.2-161.8% (126.02-126.56) Fibo. Then we expect a breakaway of the upper border of the current flat and a rise to the high of 127.07.
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.
- GBPUSD Awaits Bank of England Meeting Near April Lows Jun 18, 2026
- Markets disliked the results of the FOMC meeting. HKMA followed the Fed and kept its rate unchanged. Jun 18, 2026
- Gold Surges 2% Since Week Opening Amid Geopolitical Shifts and Fed Expectations Jun 17, 2026
- Your Bourse and FXPRIMUS Bring 24/7 Synthetic Indices to the Global Broker Market Jun 16, 2026
- Institutional investors continue to reduce their presence in metals Jun 16, 2026
- USDJPY Driven by Emotions: Bank of Japan Raises Rate to Highest Level Since 1995 Jun 16, 2026
- The United States and Iran have signed a peace agreement – oil has fallen to 80 dollars per barrel. Jun 15, 2026
- EURUSD Ahead of the New Week: Expecting High Volatility Jun 15, 2026
- COT Metals Charts: Speculator Bets led by Steel Jun 14, 2026
- COT Bonds Charts: Speculator Bets led by 2-Year Bonds & Ultra 10-Year Bonds Jun 14, 2026
