Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that the asset may resume falling towards 76.0% fibo and the low at 1.3302 and 1.3160 respectively, but it’s rather unlikely.
The H1 chart shows a more detailed structure of the current correctional uptrend. By now, the ascending wave has already reached 61.8% fibo and right now the asset is correcting to the downside after local divergence on MACD. Later, the pair may continue growing towards 76.0% fibo and the4 high at 1.3655 and 1.3749 respectively. The local support is the low at 1.3358.
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”
As we can see in the H4 chart, EURJPY is forming a quick rising impulse within the uptrend, which has already reached 61.8% fibo. At the moment, the asset is starting a short-term pullback. The next upside targets are 76.0% fibo and the high at 132.50 and 134.12 respectively.
The H1 chart shows a more detailed structure of the correctional downtrend and its targets, 23.6%, 38.2%, and 50.0% fibo at 131.23, 130.68, and 130.23 respectively. A breakout of the local high at 132.12 will result in a further uptrend.
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 diplomatic deadlock between the US and Iran is undermining investors’ appetite for risk Apr 23, 2026
- EUR/USD Falls for Third Day as Geopolitics and Strong Dollar Dictate Terms Apr 23, 2026
- Negotiations between the US and Iran have failed. Oil prices are back above 90 dollars per barrel Apr 22, 2026
- USD/JPY Pulls Higher: Yen Doubts Bank of Japan Apr 22, 2026
- NZD and CAD strengthen amid rising inflationary pressure Apr 21, 2026
- Pound Declines Amid Geopolitics and Political Risks Apr 21, 2026
- EUR/USD Starts the Week Higher, but the Outlook Remains Unstable Apr 20, 2026
- The situation in the Strait of Hormuz remains uncertain Apr 20, 2026
- The CHF exchange rate has reached a 15‑year high – the SNB signaled readiness for active currency interventions Apr 17, 2026
- USD/JPY in Positive Territory: Yen Erases All Weekly Gains Apr 17, 2026
