By Admiral Markets
The EUR/USD is showing strong bullish momentum which is pausing at the 61.8% Fib but could extend towards the 78.6% Fib at 1.0750. The GBP/USD is probably in a bullish retracement of a larger downtrend with clear Fib levels as resistance. The USD/JPY is approaching a critical bounce or break spot.
Article by Admiral Markets
Source: Critical Fibonacci Levels in Forex Market
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