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Fibonacci Retracements Analysis 25.05.2021 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

The H4 chart shows a sideways movement after a divergence on MACD; by now, the pair has reached 76.0% fibo. If the price breaks this level and fixes above it, the instrument may continue growing towards the long-term high at 1.2350. At the same time, one shouldn’t forget about the divergence – the asset may expand the correctional channel to reach the local support at 61.8% fibo (1.2103).

Fibonacci Retracements Analysis 25.05.2021 EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the price is moving within the sideways channel towards the local high at 1.2245. The chart also shows the correctional targets after a divergence on MACD – 23.6%, 38.2%, and 50.0% fibo at 1.2117, 1.2038, and 1.1974 respectively.

Fibonacci Retracements Analysis 25.05.2021  EURUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, the situation hasn't changed much. The pair tried to fall after a local divergence on MACD and decide on where to move in the future; right now, it is consolidating around 23.6% fibo still without any particular direction. However, the most probable scenario after the divergence implies a further decline towards 50.0% and 61.8% fibo at 106.78 and 105.80 respectively. At the same time, one shouldn’t exclude an alternative scenario that suggests a further uptrend to break high at 110.97 and even reach 111.70.

Fibonacci Retracements Analysis 25.05.2021 USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the asset is moving downwards after the divergence on MACD; right now, it is testing 50.0% fibo and may later continue falling to reach 61.8% and 76.0% fibo at 108.36 and 108.04 respectively. The resistance is the local high at 109.79.

Fibonacci Retracements Analysis 25.05.2021 USDJPY_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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