Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, after completing the consolidation range around 23.6% fibo, the asset has started another descending wave and may fall to reach 38.2%, 50.0%, and 61.8% fibo at 1.3643, 1.3457, and 1.3272 respectively. A breakout of the high at 1.4241 will result in a further uptrend towards the long-term fractal high at 1.4376.
In the H1 chart, after correcting to the upside and almost reaching 50.0% fibo, the asset started a new decline, which has already broken the low at 1.3778. As a result, the pair may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.3691 and 1.3638 respectively.
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”
The H4 chart shows that after trying to break the upside border of the post-correctional extension area between 138.2% and 161.8% fibo at 129.15 and 130.44 respectively and failing, the pair started a new decline due to a divergence on MACD, which may later transform a proper mid-term tendency to the downside. By now, the asset has already reached 23.6% fibo and may later continue falling towards 38.2%, 50.0%, and 61.8% fibo at 127.20, 126.14, and 125.08 respectively. The resistance is the high at 130.66.
In the H1 chart, the par is steadily moving downwards to reach 23.6% fibo or even and 38.2% fibo at 127.20.
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.
- The US and European stock indices are rising again amid renewed investor interest in the AI industry. Jul 10, 2026
- USD/JPY Falls as Yen Recovers Weekly Losses Jul 10, 2026
- Crude oil prices surged sharply by 7% in reaction to the rapid escalation of the conflict in the Middle East Jul 9, 2026
- Middle East Tensions Weigh on Gold Jul 9, 2026
- Pound Awaits Tighter Policy from Bank of England Jul 8, 2026
- The United States carried out airstrikes on Iran after Iran’s attacked tankers in the Strait of Hormuz. The RBNZ raised the interest rate to 2.5% Jul 8, 2026
- RoboForex Brings Full-Scale Trading to Telegram Jul 7, 2026
- Your Bourse Integrates TradingView Charts and Trading Platform Library with Trade Server Jul 7, 2026
- Yen Still Under Pressure: Markets Await Action from Authorities Jul 7, 2026
- Germany’s DAX Index has updated its all‑time high. OPEC+ countries have agreed to increase production Jul 7, 2026
