Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, after completing the correction not far from 23.6% fibo, GBPUSD is moving downwards and has already broken 38.2% fibo. Later, the market may continue trading downwards to reach 50.0% and 61.8% fibo at 1.3463 and 1.3277 respectively. The resistance remains the same, 1.4250. The asset may reach this level but only after testing 61.8% fibo at 1.3277.
The H1 chart shows a potential of the current correction after convergence on MACD and a breakout of the post-correctional extension area. The first rising wave is heading towards 23.6% fibo at 1.3651, while the next ones may reach 38.2%, 50.0%, and 61.8% fibo at 1.3701, 1.3741, and 1.3781 respectively. The support is the low at 1.3572.
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 H4 chart, after breaking 38.1% fibo, EURJPY has returned to it, probably due to convergence on MACD. However, so far this movement should be considered as a short-term pullback and the market may later resume falling to reach and test 50.0% fibo at 127.87. After that, the instrument may reverse and start a wave to the upside towards the high at 134.12.
As we can see in the H1 chart, the asset is forming a pullback and testing 23.6% fibo at 129.56. The next rising wave may reach 38.2%, 50.0%, and 61.8% fibo at 130.16, 130.65, and 131.13 respectively. On the other hand, a breakout of the low at 128.60 will lead to a further mid-term downtrend.
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.
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
- EUR/USD Loses Ground as Market Sentiment Favours the US Dollar Jun 19, 2026
- 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
