EUR/USD and USD/JPY Fibo Analysis: 18.09.2018

18.09.2018

EUR/USD

On H4, the EUR/USD is rising again inside a correctional uptrend. Once the current high at 1.1733 gets broken out, the price may further rise to 50% Fibo, or 1.1857. The low at $1.1525 acts as a support.

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

On H1, the EUR/USD is attempting to reach its high at 1.1721. Once this level gets broken out, the price is likely to go up to reach the post-correctional extension of 138.2-161.8% Fibo, or $1.1761 to $1.1786. If the correctional phase is here to stay, though, the price may plunge to 61.8% (1.1601) of the ascending trend.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/JPY

On H4, the USD/JPY is uptrending after the previous downtrend. The correction reached 61.8% Fibo and is heading towards 76.0%, or 112.36. The resistance and support are at 113.17 and 109.91, respectively. In case a downtrend starts, it may reach 50% (108.90).

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

On H1, the USD/JPY is forming a correctional downtrend after the divergence, which already reached 23.6% Fibo and may continue to reach 38.2% (111.48), 50.0% (111.27), and 61.8% (111.07). In case the price hits the high at 112.17, this would mean the uptrend may continue.

USDJPY2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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

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