{"id":152534,"date":"2019-07-31T09:15:49","date_gmt":"2019-07-31T13:15:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152534"},"modified":"2019-07-31T07:59:17","modified_gmt":"2019-07-31T11:59:17","slug":"fibonacci-retracements-analysis-31-07-2019-gbpusd-eurjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/fibonacci-retracements-analysis-31-07-2019-gbpusd-eurjpy\/","title":{"rendered":"Fibonacci Retracements Analysis 31.07.2019 (GBPUSD, EURJPY)"},"content":{"rendered":"
July 31, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

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

It would be better to analyze GBPUSD in the daily chart. As we can see, after breaking the low at 1.2395, the pair is trading towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.2022 and 1.1788 respectively. It\u2019s interesting to note that 1.2395, which earlier was the support, is now the resistance.<\/p>\n

\"GBPUSD_D1\"
\n\"Risk<\/p>\n

The short-term scenario is shown on the H1 chart. After finishing the descending impulse, the pair is starting a new short-term pullback. The support is the low at 1.2118. The correctional targets are 23.6%, 38.2%, and 50.0% fibo at 1.2213, 1.2272, and 1.2320 respectively.<\/p>\n

\"GBPUSD_H1\"
\n\"Risk<\/p>\n

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

As we can see in the daily chart, there is a convergence on MACD, which may indicate a possible reverse after the price has reached 76.0% fibo. The targets of this pullback may be 23.6% and 38.2% fibo at 121.67 and 122.62 respectively. The instrument may yet break the support at 120.04, but only after completing the pullback.<\/p>

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<\/div>\n

\"EURJPY_D1\"
\n\"Risk<\/p>\n

In the H4 chart, the pair is being corrected after finishing the previous descending impulse. By now, the correction has already reached 38.2% fibo and may continue towards 50.0% and 61.8% fibo at 121.52 and 121.87 respectively.<\/p>\n

\"EURJPY_H4\"
\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 GBPUSD, \u201cGreat Britain Pound vs US Dollar\u201d It would be better to analyze GBPUSD in the daily chart. As we can see, after breaking the low at 1.2395, the pair is trading towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.2022 and 1.1788 respectively. It\u2019s interesting to note that […]<\/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-152534","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152534","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=152534"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152534\/revisions"}],"predecessor-version":[{"id":152535,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152534\/revisions\/152535"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}