Fibonacci Retracements Analysis 26.06.2019 (GBPUSD, EURJPY)

2019-06-26 16:01    RoboForex

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the current correctional impulse has reached 38.2% fibo. The next upside correctional targets may be 50.0% and 61.8% fibo at 1.2840 and 1.2920 respectively. After finishing the correction, GBPUSD may start a new descending wave to break the local low at 1.2506 and reach the long-term low at 1.2395.

Fibonacci Retracements Analysis 26.06.2019 (GBPUSD, EURJPY) Institution Opinions 1
Fibonacci Retracements Analysis 26.06.2019 (GBPUSD, EURJPY) Institution Opinions 2

In the H1 chart, the pair is trading downwards after completing another ascending wave and has already reached 38.1% fibo. Possibly, the correction may yet continue towards 50.0%, 61.8%, and 76.0% fibo at 1.2645, 1.2612, and 1.2573 respectively. The resistance is the local high at 1.2784.

Fibonacci Retracements Analysis 26.06.2019 (GBPUSD, EURJPY) Institution Opinions 3
Fibonacci Retracements Analysis 26.06.2019 (GBPUSD, EURJPY) Institution Opinions 4

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the correction continues. The first rising wave after the convergence has reached 38.2% and may continue towards 50.0% and 61.8% fibo at 123.80 and 124.50 respectively. If the pair breaks the current low at 120.78, the price may continue the mid-term tendency towards 76.0% fibo at 120.25.


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is being corrected before a new rising wave towards 76.0% fibo at 122.64 and the high at 123.18. The support is the low at 120.95 respectively.

EURJPY_H1_Анализ по Фибоначчи
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPYGBPFibonacci Retracements

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