{"id":111831,"date":"2017-08-28T09:35:24","date_gmt":"2017-08-28T13:35:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=111831"},"modified":"2017-08-28T07:52:48","modified_gmt":"2017-08-28T11:52:48","slug":"fibonacci-retracements-analysis-28-08-2017-gbpusd-eurjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/fibonacci-retracements-analysis-28-08-2017-gbpusd-eurjpy\/","title":{"rendered":"Fibonacci Retracements Analysis 28.08.2017 (GBP\/USD, EUR\/JPY)"},"content":{"rendered":"
August 28, 2017<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/strong><\/p>\n

At the H4 chart, the GBP\/USD pair completed the convergence and then the price reversed to the upside. By now, the previous trend has been corrected by 23.6%. The next targets of the current ascending correction may be the retracements of 38.2%, 50.0%, and 61.8% at 1.2963, 1.3020, and 1.3080 respectively.<\/p>\n

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At the H1 chart, the situation is similar.<\/p>\n

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EUR JPY, \u201cEuro vs. Japanese Yen\u201d<\/strong><\/p>\n

As we can see at the H4 chart, after being corrected to the downside by 50.0% and forming the convergence, the EUR\/JPY pair has started forming a new ascending impulse. The closest upside target is the local high at 131.387. After breaking this level, the price may continue moving towards the post-correctional extension area between the retracements of 138.2% \u2013 161.8% (132.853 \u2013 133.767).<\/p>

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At the H1 chart, the pair is steadily moving inside the uptrend and starting a new local correction within it. The closest targets of this correction may be the retracements of 38.2% and 50.0% at 129.767 and 129.483 respectively. The upside target is the local high at 131.387.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d At the H4 chart, the GBP\/USD pair completed the convergence and then the price reversed to the upside. By now, the previous trend has been corrected by 23.6%. The next targets of the current ascending correction may be the retracements of 38.2%, 50.0%, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111831","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=111831"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111831\/revisions"}],"predecessor-version":[{"id":111832,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111831\/revisions\/111832"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}