Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, after a breakout of the high at 1.4241 and a divergence on MACD, the pair has started a new correctional decline. The above-mentioned breakout of the high may lead to a further uptrend towards the long-term high at 1.4376 as soon as the price completes the pullback. Later, the price may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1.4458 and 1.4594 respectively.
In the H1 chart, after falling and reaching 23.6% fibo, the asset is consolidating. The next downside correctional targets are 38.2% and 50.0% fibo at 1.4028 and 1.3960 respectively. The local resistance is the high at 1.4250, a breakout of which may lead to a further uptrend.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks 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”
In the H4 chart, EURJPY is correcting downwards before another attempt to reach its key high at 137.50. the current correctional targets are 23.6%, 38.2%, and 50.0% fibo at 131.17, 129.35, and 127.88 respectively. At the same time, a breakout of the current high at 134.12 will complete the correction and lead to a further uptrend.
As we can see in the H1 chart, after completing the descending wave, the pair is forming a short-term correction to the upside and has already tested 38.2% fibo. Later, the asset may continue growing towards 50.0% and 61.8% fibo at 133.51 and 133.65 respectively. The support is the low at 132.89.
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
