Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, after an attempt to test and break 76.0% fibo, GBPUSD has started a new decline, which may transform into a proper descending wave towards the low at 1.3160. The key resistance and the next upside target are the high at 1.3834.
The H1 chart shows a more detailed structure of the current correctional downtrend. By now, the descending wave has reached 23.6% fibo and may later continue towards 38.2%, 50.0%, and 61.8% fibo at 1.3524, 1.3455, and 1.3385 respectively. The local resistance is the high at 1.3749.
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, EURJPY is moving upwards after divergence on MACD. In this case, the asset may fall to break the low at 127.38 and then continue trading downwards to reach the long-term 61.8% fibo at 126.40.
The H1 chart shows that the pair is falling; it has already reached 50.0% fibo and may later continue towards 61.8% and 76.0% fibo at 129.00 and 128.39 respectively. The key resistance is the local high at 131.60.
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: Weekly Speculator Bets led by Copper & Steel Jul 18, 2026
- COT Bonds Charts: Weekly Speculator Bets led by 2-Year, SOFR 3M & 5-Year Bonds Jul 18, 2026
- COT Energy Charts: Weekly Speculator Bets led by Brent Oil & Heating Oil Jul 18, 2026
- COT Soft Commodities Charts: Weekly Speculator Bets led by Wheat, Corn & Soybean Meal Jul 18, 2026
- The Bank of Canada kept its interest rate unchanged. Platinum prices reached a three‑week high Jul 16, 2026
- Stock indices rose after the release of US inflation data. China’s GDP slowed sharply Jul 15, 2026
- GBP/USD Awaits Political News: What Will Happen Next Jul 15, 2026
- USD/JPY Holds at Highs: Pressure Lingers on Yen Jul 14, 2026
- Oil prices jumped 4% amid a new wave of escalation between the US and Iran Jul 13, 2026
- EUR/USD: US Inflation Will Determine Everything Jul 13, 2026
