Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the market renewed the last important high of 1.3482, but after a divergence the quotations started pulling back. When the correction is over, the growth might resume to the long-term level of 76.0% (1.3664) and then – to the post-correctional extension area of 138.2-161.8% (1.3792-1.3980) Fibo. The local resistance is at 1.3539.
On H1, we can see a correctional phase beginning. The first fast impulse of decline has reached 38.2% Fibo. Further falling might be aimed at 50.0% (1.3196) and 61.8% (1.3115), but the correctional growth we see might turn into a full-scale new wave of growth aiming above the peak of 1.3539.
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”
On H4, the wave of growth has stopped developing near the high of 127.07. After this high is broken, the quotations might rise to the medium-term level of 61.8% (128.65), and after it is broken – to the upper post-correctional extension range of 138.2-161.8% (129.15-130.40) Fibo. The main support is at the fractal low of 121.62.
On H1, the pair demonstrates sideways correctional dynamics inside a short-term local post-correctional extension area of 138.2-161.8% (126.02-126.56) Fibo. Then we expect a breakaway of the upper border of the current flat and a rise to the high of 127.07.
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.
- Results in Line for Most Reporting Companies Aug 5, 2026
- Stock indices continue to break records. Oil is falling amid intensified diplomatic dialogue between the US and Iran Aug 5, 2026
- USD/JPY Holds Steady After Intervention: Outlook Remains Uncertain Aug 5, 2026
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
