{"id":119688,"date":"2018-01-16T08:40:48","date_gmt":"2018-01-16T13:40:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=119688"},"modified":"2018-06-01T15:46:43","modified_gmt":"2018-06-01T15:46:43","slug":"fibonacci-retracements-analysis-16-01-2018-eur-usd-usd-jpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/fibonacci-retracements-analysis-16-01-2018-eur-usd-usd-jpy\/","title":{"rendered":"Fibonacci Retracements Analysis 16.01.2018 (EUR\/USD, USD\/JPY)"},"content":{"rendered":"
January 16, 2018<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/strong><\/p>\n

As we can see at the H4 chart, the EUR\/USD pair is still moving upwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2291 and 1.2418 respectively. The main support level is at 1.2087.<\/p>\n

\"EURUSD1\"<\/p>\n

At the H1 chart, the pair stopped forming the ascending impulse. In the short-term, the price is expected to be corrected downwards to reach the retracements of 23.6%, 38.2%, and 50.0% at 1.2210, 1.2157, and 1.2112 respectively.<\/p>\n

\"EURUSD2\"<\/p>\n

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USD JPY, \u201cUS Dollar vs. Japanese Yen\u201d<\/strong><\/p>\n

As we can see at the H4 chart, the USD\/JPY pair has broken the\u00a0Triangle<\/em>\u00a0pattern downwards and continues forming the descending correction. The main targets of the correction are inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 109.73 and 109.05 respectively.<\/p>

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\"USDJPY1\"<\/p>\n

At the H1 chart, the price is falling steadily, but we also can see the convergence being formed, which may indicate a possible reverse in the nearest future. In this case, the targets will be the area between the retracements of 23.6% and 76.0% at 111.06 and 112.64 respectively.<\/p>\n

\"USDJPY2\"<\/p>\n

 <\/p>\n

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 EUR USD, \u201cEuro vs US Dollar\u201d As we can see at the H4 chart, the EUR\/USD pair is still moving upwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2291 and 1.2418 respectively. The main support level is at 1.2087. At the H1 chart, the pair […]<\/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-119688","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119688","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=119688"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119688\/revisions"}],"predecessor-version":[{"id":119689,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119688\/revisions\/119689"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}