Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is consolidating around 38.2% fibo. This consolidation range may be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. The key support remains at the low at 1.3160.
The H1 chart shows that after falling and reaching 61.8% fibo, the pair started a new wave to the upside and has already reached 23.6% fibo. Possibly, in the future, the price may continue growing and reach the local high at 1.3749 or even break it. Another scenario implies a new wave to the downside to return to 76.0% fibo at 1.3301 but it’s highly unlikely.
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, divergence on MACD made EURJPY complete its rising wave at 76.0% fibo and start a new correctional decline, which may be over quite soon. In the nearest future, the asset may resume trading upwards to reach the high at 134.12. The support is the low at 127.38.
In the H1 chart, divergence on MACD made the asset correct to the downside and reach 61.8% fibo. By now, the price has returned to 38.2% fibo; at the moment, it is heading towards the local high at 133.15. Later, the instrument may form one more descending impulse to reach 76.0% at 129.43.
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.
- Bitcoin has dropped below $70,000. The Bank of Mexico held its rate at 7% Feb 6, 2026
- Gold Closes with a Decline for the Second Week in a Row: Fewer Risks Feb 6, 2026
- The British Index has hit a new all-time high. Silver has plummeted by 16% Feb 5, 2026
- GBP/USD Under Local Pressure: Focus on Bank of England Signals Feb 5, 2026
- Bitcoin has plummeted to a 14-month low. Silver jumped by more than 10% Feb 4, 2026
- Gold is Back in the Black: Geopolitics Dictates Conditions Again Feb 4, 2026
- US natural gas prices collapsed by 21%. The RBA raised its interest rate by 0.25% Feb 3, 2026
- What goes up must come down… Feb 2, 2026
- Donald Trump appoints a new successor for the Fed chair. Precious metals hit by sell-off Feb 2, 2026
- USDJPY Realises Correction: BOJ Policy Weighs on Yen Feb 2, 2026
