Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, after breaking its consolidation range to the upside, GBPUSD is forming a steady rising impulse, which may be heading to reach the local and key highs at 1.4241 and 1.4376 respectively. However, there might be another scenario implying a new descending wave, which is confirmed by a divergence on MACD. If it happens, the asset will continue falling to reach 38.2%, 50.0%, and 61.8% fibo at 1.3643, 1.3459, and 1.3273 respectively.
The H1 chart shows the short-term correctional targets after a divergence on MACD – 23.6%, 38.2%, 50.0%, and 61.8% fibo at 1.4049, 1.3977, 1.3918, and 1.3859 respectively. On the other hand, a breakout of the current high at 1.4166 will lead to a further uptrend.
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”
In the daily chart, EURJPY is still trading not far from the long-term 76.0% fibo. A further test of this level and a divergence on MACD may hint at a possible correctional decline soon with the short-term target at the support at 61.8% fibo (128.69). After finishing the correction, the instrument may form a new rising impulse towards the high at 137.50.
The H4 chart shows possible correctional targets after a divergence on MACD – 23.6%, 38.2%, and 50.0% fibo at 129.96, 128.37, and 127.07 respectively. The resistance is the high at 132.53.
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
