{"id":137652,"date":"2018-11-20T09:22:07","date_gmt":"2018-11-20T14:22:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137652"},"modified":"2018-11-20T06:59:43","modified_gmt":"2018-11-20T11:59:43","slug":"fibonacci-retracements-analysis-20-11-2018-eurusd-usdjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/fibonacci-retracements-analysis-20-11-2018-eurusd-usdjpy\/","title":{"rendered":"Fibonacci Retracements Analysis 20.11.2018 (EURUSD, USDJPY)"},"content":{"rendered":"
November 20, 2018<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

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

As we can see in the H4 chart, the convergence made EURUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%. The next possible upside targets may be the retracements of 50.0% and 61.8% at 1.1516 and 1.1586 respectively. The local support level is at 1.1357.<\/p>\n

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

In the H1 chart, there is a divergence while EURUSD is still trading upwards. In this case, the price is expected to reach the retracement of 50.0% at 1.1516 and then start a new pullback. The possible targets are the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 1.1445, 1.1401, 1.1366, and 1.1330 respectively.<\/p>\n

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

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

As we can see in the H4 chart, USDJPY has failed to form a steady ascending impulse; the current movement may be considered as a new descending wave inside the mid-term correction. After breaking the local support at 111.37, the pair may continue falling to reach the retracements of 38.2% and 50.0% at 110.76 and 109.58 respectively. The resistance level is at 114.20.<\/p>

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<\/div>\n

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

In the H1 chart, there is a convergence while the pair is still trading downwards. Possibly, after reaching the local support at 112.20, the instrument may start a new pullback. The correctional targets may be the retracements of 23.6%, 38.2%, and 50.0% at 112.68, 112.97, and 113.21 respectively.<\/p>\n

\"USDJPY2\"
\n\"Risk<\/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 EURUSD, \u201cEuro vs US Dollar\u201d As we can see in the H4 chart, the convergence made EURUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%. The next possible upside targets may be the retracements of 50.0% and 61.8% at 1.1516 and 1.1586 respectively. The local […]<\/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-137652","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137652","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=137652"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137652\/revisions"}],"predecessor-version":[{"id":137653,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137652\/revisions\/137653"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}