Fibonacci Retracements Analysis 13.02.2018 (EURUSD, USDJPY)

13.02.2018

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has been corrected downwards by 50.0% and right now is starting a new ascending impulse. The closest targets are the retracements of 50.0%, 61.8% and 76.0% at 1.2370, 1.2410, and 1.2457 respectively. After breaking the high at 1.2537, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2666 and 1.2743 respectively.

EURUSD1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair has been corrected by 38.2% and right now is steadily growing inside the uptrend.

EURUSD2Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still moving downwards. The price has already broken the previous low and right now is moving towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 107.45 and 106.93 respectively.

USDJPY1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, we can see the convergence being formed, which means that the pair may reach its downside targets and start a new ascending correction. Possible targets of this correction are inside the area between the retracements of 23.6% and 61.8% at 107.76 and 109.12 respectively.

USDJPY2Risk Warning: the results of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.
Call back
Ask a question