RoboForex - Analytics

RoboForex

863.75 5.25/10
80% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 29.12.2021 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has reached 38.2% fibo after convergence on MACD. It looks like the pair is starting a new decline towards the key support at 1.3160. At the same time, an opposite scenario implies another rising impulse to reach 50.0% and 61.8% fibo at 1.3497 and 1.3577 respectively. if the market breaks the support, it will continue falling towards the long-term 50.0% fibo at 1.2830.

Fibonacci Retracements Analysis 29.12.2021 GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows that the price is correcting to the downside after local divergence on MACD; the targets are 23.6%, 38.2%, 50.0%, and 61.8% fibo at 1.3394, 1.3351, 1.3317, and 1.3283 respectively. the resistance is the high at 1.3462.

Fibonacci Retracements Analysis 29.12.2021 GBPUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is correcting upwards after convergence on MACD; it has already reached 38.2% fibo and may later continue towards 50.0% and 61.8% fibo at 130.44 and 131.15 respectively. After the pullback is over, the asset may resume falling to break the low at 127.38 and then reach the long-term 61.8% fibo at 126.40.

Fibonacci Retracements Analysis 29.12.2021 EURJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows that the pair is falling after divergence on MACD; the correctional targets are 23.6%, 38.2%, 50.0%, and 61.8% fibo at 129.58, 1298.18, 128.87, and 128.55 respectively. The support is the low at 127.52, while the resistance is the high at 130.22.

Fibonacci Retracements Analysis 29.12.2021 EURJPY_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree