Article By RoboForex.com
GBPUSD
On H4, the GBPUSD started trading sideways after breaking out the latest high. Once the pullback is over, the price may rise to the are between 138.20% and 161.80% Fibo, or 1.3497 to 1.3590. The major support is meanwhile at 1.2960.
On H1, the GBPUSD is forming a correction trend that reached 38.20% Fibo and may go ahead to reach 50%, or $1.3171, and 61.80%, or $1.3121. The resistance is meanwhile at the high of 1.3381.
EURJPY
On H4, the EURJPY reached 76% Fibo, with the next target lying at the high of $127.50. Once it gets broken out, the price will probably head to the area between 138.2% and 161.80% Fibo, or 128.73 to 129.47. The local support is meanwhile at 125.51, while the major one is at 124.27.
Free Reports:
On H1, the EURJPY is uptrending, but diverging. This may trigger a pullback to 23.6% (126.17), 38.20% (125.81), or 50% (125.51), the resistance being at the high of 126.75.
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.