Get No Deposit Bonus

Fibonacci Retracements Analysis 14.05.2019 (EURUSD, USDJPY)

14 may 2019 - Fx4News

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively. The key support level is the low at 1.1110.

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

In the H1 chart, the divergence made the pair start a new correction, which has already reached the retracement of 38.2%. The next targets may be the retracements of 50.0%, 61.8%, and 76.0% at 1.1215, 1.1203, and 1.1190 respectively. The resistance level is the local high at 1.1264.

EURUSD2
Risk Warning: the result 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, the convergence made USDJPY complete the descending tendency at the retracement of 38.2%, thus indicating a new pullback. The targets of this pullback may be the resistance levels at 110.53 and 112.40. After finishing the pullback, the instrument may resume falling to reach the retracements of 50.0% and 61.8% at 108.45 and 107.52 respectively.

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

In the H1 chart, the convergence made the price start a new rising correction, which has already reached the retracement of 23.6%. The next upside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 110.03, 110.35, and 110.66. The support level is the low at 109.02.

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

Forex analitiks

<a data-cke-saved-href="https://www.instaforex.org/" href="https://www.instaforex.org/">Forex Portal</a>