{"id":155647,"date":"2019-09-18T09:15:53","date_gmt":"2019-09-18T13:15:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=155647"},"modified":"2019-09-18T07:32:44","modified_gmt":"2019-09-18T11:32:44","slug":"fibonacci-retracements-analysis-18-09-2019-gbpusd-eurjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/fibonacci-retracements-analysis-18-09-2019-gbpusd-eurjpy\/","title":{"rendered":"Fibonacci Retracements Analysis 18.09.2019 (GBPUSD, EURJPY)"},"content":{"rendered":"
September 18, 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

As we can see in the daily chart, after trading inside the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1786 respectively for a while, GBPUSD has started a new rising movement due to the convergence, which is now getting closer to 50.0% fibo at 1.2565. The next upside target may be 61.8% fibo at 1.2710. The key support is the low at 1.1958.<\/p>\n

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

In the H4 chart, the pair is slowing down on its way towards 50.0% fibo at 1.2565 because of the convergence on MACD, which may indicate a new correction soon after the price reaches its targets. The targets of this pullback may be 23.6%, 38.2%, and 50.0% fibo at 1.2394, 1.2332, and 1.2262 respectively.<\/p>\n

\"GBPUSD_H4\"
\n\"Risk<\/p>\n

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

As we can see in the H4 chart, the convergence made EURJPY start a quick correctional uptrend, which is slowing down at 50.0% fibo. The next upside targets may be 61.8% and 76.0% fibo at 120.50 and 121.56 respectively. The key support is the low at 115.86.<\/p>

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<\/div>\n

\"EURJPY_H4\"
\n\"Risk<\/p>\n

In the H1 chart, there was a divergence within the uptrend on MACD, which made the pair start a new pullback towards 23.6% fibo. However, as long as the price is moving below the high at 120.01, there is a possibility of a new descending correction towards 38.2% and 50.0% fibo at 118.43 and 117.45 respectively.<\/p>\n

\"EURJPY_H1\"<\/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 As we can see in the daily chart, after trading inside the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1786 respectively for a while, GBPUSD has started a new rising movement due to the convergence, which is now getting closer to […]<\/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-155647","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155647","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=155647"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155647\/revisions"}],"predecessor-version":[{"id":155651,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155647\/revisions\/155651"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=155647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=155647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=155647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}