Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the situation hasn’t changed much. After finishing the uptrend and then reaching 23.6% fibo, GBPUSD is starting a short-term pullback, which may be followed by a further decline towards 38.2%, 50.0%, and 61.8% fibo at 1.3642, 1.3459, and 1.3273 respectively. A breakout of the high will result in a further uptrend towards the long-term fractal high at 1.4376.
The H1 chart shows an ascending correctional movement after a convergence on MACD, which has already reached 23.6% and may later continue towards 38.2%, 50.0%, and 61.8% fibo at 1.3954, 1.4010, and 1.4064 respectively. A breakout of the low at 1.3778 will result in a further mid-term downtrend.
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 entering the post-correctional extension area between 138.2% and 161.8% fibo at 129.16 and 130.43 respectively, EURJPY is forming the Triangle correctional pattern. Possibly, the price may complete this correctional movement by breaking the pattern to the upside. After that, the instrument may continue trading within the uptrend to reach 76.0% at 131.95.
The H1 chart shows a more detailed structure of the current correction. The first descending wave couldn’t reach 38.2% fibo at 128.11 but the rising structure that followed also failed to update the high at 129.98. In this case, the market may start a new decline to reach 50.0% and 61.8% fibo at 127.54 and 126.96 respectively.
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.
- COT Metals Charts: Speculator Bets led by Silver, Gold & Platinum Mar 7, 2026
- COT Bonds Charts: Speculator Bets led by 10-Year Bonds & Fed Funds Mar 7, 2026
- COT Energy Charts: Speculator Bets led by Brent Oil & Heating Oil Mar 7, 2026
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Mar 7, 2026
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
- GBP/USD: Market Not Expecting BoE Rate Cut in March Mar 5, 2026
- Brent headed for $100? Mar 4, 2026
- Global stock indices continue sell-off due to Middle East conflict Mar 4, 2026
