Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the pair keeps developing the uptrend, aiming at the long-term high of 1.3482. After a correction in the form of a Triangle, the quotations escaped the pattern upwards. A breakaway of the high will let the quotations rise to the long-term level of 76.0% (1.3664), and later to the post-correctional extension range of 138.2-161.8% (1.3792-1.3980) Fibo. As long as there is a divergence forming, we may expect a pullback to the local support level of 1.3174.
On H1, the quotations have broken through the upper border of a correctional Triangle and are again consolidating before a leap to 1.3482. The growth to the high and a divergence might end in a pullback to 23.6% (1.3334), 38.2% (1.3241), 50.0% (1.3168), and 61.8% (1.3094) Fibo.
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
EURJPY, “Euro vs. Japanese Yen”
On H4, the market is developing a confident uptrend after a correction. By now, the impulse of growth has reached 76.0% Fibo and might later rise to the high of 127.07. Upon breaking the high, the quotations might rise to the medium-term level of 61.8% (128.65), and when it is broken in its turn, the price might proceed to the upper post-correctional extension range of 138.2-161.8% (129.15-130.40) Fibo. However, the quotations might still bounce off the high, and a wave of decline to 121.62 and 50.0% (120.74) might develop.
On H1, the quotations are rising to the post-correctional extension range of 138.2-161.8% (126.02-126.56) Fibo. Then they will proceed to the high of 127.07. We expect them to bounce off it and correct to the support level on 125.14.
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.
- 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
- COT Metals Charts: Speculator Bets led by Steel Jun 14, 2026
- COT Bonds Charts: Speculator Bets led by 2-Year Bonds & Ultra 10-Year Bonds Jun 14, 2026
- COT Energy Charts: Speculator Bets led by Brent Oil Jun 14, 2026
- COT Soft Commodities Charts: Weekly Speculator Bets led lower by Corn and Soybean Meal Jun 14, 2026
