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pipstealer

Master Trader
Jan 21, 2012
102
0
47
Daily Free Forex Signals For 07/04/2020 FROM RFXSIGNALS
USDJPY SELL-108.680
SL-109.301
TP1-108.349
TP2-108.085

EURUSD BUY -1.08276
SL-1.07868
TP1-1.08533
TP2-1.08787

USDCHF SELL-0.97571
SL-0.97904
TP1-0.97359
TP2-0.97087
USDCAD SELL-1.40466
SL-1.41335
TP1-1.40143
TP2-1.39787
EURCHF BUY -1.05667
SL-1.05315
TP1-1.05847
TP2-1.06088

EURJPY SELL: 117.688
SL: 118.282
TP1: 117.472
TP2: 117.251

EURGBP BUY: 0.88286
SL: 0.87505
TP1: 0.88495
TP2: 0.88707

USDJPY SELL: 108.699
SL: 109.374
TP1: 108.494
TP2: 108.286

EURAUD BUY-1.76819
SL-1.75318
TP1-1.77605
TP2-1.78713

USDCHF SELL: 0.97455
SL: 0.98037
TP1: 0.97244
TP2: 0.97033

GBPJPY SELL: 133.445
SL: 134.616
TP1: 133.205
TP2: 132.965

EURUSD BUY: 1.08427
SL: 1.07670
TP1: 1.08633
TP2: 1.08853

USDJPY SELL-108.725
SL-109.529
TP1-107.890
TP2-106.963

GBPCHF SELL: 1.19602
SL: 1.20699
TP1: 1.19355
TP2: 1.19068

EURCHF BUY: 1.05723
SL: 1.05411
TP1: 1.05947
TP2: 1.06185
CHFJPY SELL: 111.358
SL: 111.843
TP1: 111.139
TP2: 110.919

GBPJPY BUY 133.940
SL:132.674
TP1:134.271
TP2:134.545

EURAUD SELL 1.75760
SL:1.80997
TP1:1.75450
TP2:1.75125

AUDNZD BUY 1.02777
SL:1.02136
TP1:1.03083
TP2:1.03379

AUDCAD BUY 0.86606
SL:0.85383
TP1:0.86914
TP2:0.87258
 
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pipstealer

Master Trader
Jan 21, 2012
102
0
47
The Australian Dollar raised a little. Overview for 07.04.2020 FROM RFXSIGNALS
07.04.2020
On Tuesday, AUDUSD is keeping the positive momentum started yesterday.
The Aussie has been strengthening against the USD for the second trading session in a row. The current quote for the instrument is 0.6163.
A scheduled meeting of the Reserve Bank of Australia ended without any surprises. The benchmark rate remained at the lowest level 0.25%, just as expected. Other basic parameters of the regulator’s monetary policy also remained intact.
The RBA reaffirmed the yield on 3-year Australian government bonds of 25 bps. It’s very important for maintaining financial stability in the country’s economy.
In the comments, the regulator said that fiscal programs together with coordinated monetary influence might help “smooth” the economic contraction. External risks include the coronavirus pandemic but global economies are expected to recover as soon as the outbreak is contained. In the second quarter of 2020, most global economies, including Australia, will see a significant slump accompanied by the decline of the labor market and the dramatic increase in the unemployment rate.
However, if the market conditions get better, the Reserve Bank of Australia will have to buy fewer bonds.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF) FROM RFXSIGNALS
07.04.2020
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after forming a Hammer pattern and reversing, USDCAD has tested the channel’s upside border. At the moment, the pair is still rebounding from the resistance level to continue the descending tendency. In this case, the downside target may be at 1.3920. At the same time, there might be another scenario, which implies that the instrument may re-test the channel’s upside border and grow towards 1.4300.
USDCAD
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the pair continues the ascending tendency. After completing an Inverted Hammer pattern near the rising channel’s downside border, AUDUSD is reversing. Later, the price may continue trading upwards to reach 0.6333. Still, the instrument may choose a different scenario and continue falling towards 0.6000.
AUDUSD
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the pair continues forming the ascending channel. By now, USDCHF has formed a Doji pattern near the resistance level. The current situation suggests that after reversing the pair may start a slight correction and then continue the ascending tendency. In this case, the upside target may be at 0.9868. However, one shouldn’t ignore another scenario, which implies a deeper correction towards 0.9645.
USDCHF
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD) FROM RFXSIGNALS
07.04.2020
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 7240.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 7105.00 and then resume moving upwards to reach 7845.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 6685.00. In this case, the pair may continue falling towards 5965.00.
BTCUSD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6146; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6115 and then resume moving upwards to reach 0.6455. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.5895. In this case, the pair may continue falling towards 0.5805.
AUDUSD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.4049; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.4125 and then resume moving downwards to reach 1.3775. Another signal to confirm further descending movement is the price’s rebounding from the downside border of a Triangle pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4255. In this case, the pair may continue growing towards 1.4335.
USDCAD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY) FROM RFXSIGNALS
07.04.2020
EURUSD, “Euro vs US Dollar”
In the H4 chart, EURUSD slowed down its sideways movement, which may be considered as a correction of the previous ascending wave. The support is still the low at 1.0635. If the bulls are strong enough to break 38.2% and 50.0% fibo at 1.1370 and 1.1595 respectively, the long-term tendency may reverse.
EURUSD_H4
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the convergence forced the pair to stop the descending correction at 76.0% (1.0758) and start a new growth. The key target is the local high at 1.1147. In order to reach it, the instrument will have to break 23.6%, 38.2%, 50.0%, 61.8%, and 76.0% fibo at 1.0857, 1.0913, 1.0959, 1.1002, and 1.1055 respectively.
EURUSD_H1
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
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, after completing the descending correction at 38.2% fibo, USDJPY is trying to start a new rising wave. The upside targets may be the local and key highs at 111.71 and 112.23 respectively. However, if the pair fails to rise, the next descending wave will trade towards 50.0%, 61.8%, and 76.0% fibo at 106.44, 105.22, and 103.70 respectively or even lower, the post-correctional extension area between 138.2% and 161.8% fibo between 101.48 and 99.66 respectively.
USDJPY_H4
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
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 tendency which has already reached 50.0% fibo. The next upside targets may be 61.8% and 76.0% fibo at 109.88 and 110.56 respectively. If the pair breaks the low at 106.91, the instrument may resume its mid-term decline.
USDJPY_H1
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
The Yen is rising on expectations of economic stimulus package. Overview for 07.04.2020 FROM RFXSIGNALS
07.04.2020
USDJPY is falling on Tuesday morning. Japan is preparing for a new stimulus package.
The Japanese Yen is strengthening against the USD on Tuesday. The current quote for the instrument is 108.92.
The Japanese Prime Minister Shinzo Abe announced a new economic stimulus package worth ¥108T ($989B). it’s a very positive moment for the country’s economy, which means that the government doesn’t stand aside and is ready to stay in sync with the changing market conditions.
At the same time, there isn’t too much positive for the Yen, because the rumor has it that Japan may declare a state of emergency due to the coronavirus pandemic. First of all, it’s about Tokyo but may cover other regions as well.
In the morning, Japan reported on the Household Spending in February, which lost 0.3% y/y after showing -3.9% m/m in January. The actual reading is much better than expected, -3.3% m/m. The indicator shows that the population is ready to spend money and that’s been a problem for Japan over the last previous months.,
The Average Cash Earnings added 1.0% y/y in February after expanding by 1.2% y/y the month before. It’s not very good but still better than expected.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Forex Technical Analysis & Forecast 07.04.2020 FROM RFXSIGNALS
07.04.2020
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.0800; it has expanded the range up to 1.0835 and then down to 1.0776, and right now is growing to reach 1.0825. After that, the instrument may fall towards 1.0798, thus continuing the consolidation range in the form of a Triangle pattern. If later the price breaks this pattern to the upside, the market may form one more ascending wave towards 1.0900; if to the downside – resume moving inside the downtrend with the target at 1.0752.
EURUSD
Forex Technical Analysis & Forecast 07.04.2020
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the descending wave at 1.2163. Possibly, today the pair may correct towards 1.2315 and then resume falling to break 1.2163. After that, the instrument may continue moving inside the downtrend to reach the short-term target at 1.2055.
GBPUSD
Forex Technical Analysis & Forecast 07.04.2020
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9775; it has almost formed a Double Top pattern. Today, the pair may expand the range down to 0.9754. Later, the market may return to 0.9766 and then form a new descending structure with the target at 0.9696.
USDCHF
Forex Technical Analysis & Forecast 07.04.2020
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correction at 109.35; right now, it is falling towards 108.18. The main scenario implies that the price may reach this level and then start another growth towards 108.70, thus forming a new consolidation range. Later, the market may break the range to the downside and then resume moving downwards with the target at 105.75.
USDJPY
Forex Technical Analysis & Forecast 07.04.2020
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the second descending impulse at 0.5979; right now, it is correcting towards 0.6129. After that, the instrument may start another decline with the short-term target at 0.5919.
AUDUSD
Forex Technical Analysis & Forecast 07.04.2020
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming a new descending structure towards 75.44. According to the main scenario, the price is expected to reach this level and then resume growing towards 77.30. Later, the market may resume trading downwards with the first target at 74.22.
USDRUB
Forex Technical Analysis & Forecast 07.04.2020
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD) FROM RFXSIGNALS
07.04.2020
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving outside the “oversold zone” above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.
AUDUSD_H4
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
AUDUSD_M15
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, earlier NZDUSD rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -1/8.
NZDUSD_H4
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
NZDUSD_M15
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Daily Free Forex Signals For 08/04/2020 FROM RFXSIGNALS
AUDNZD SELL: 1.02815
SL: 1.03438
TP1: 1.02595
TP2: 1.02366
CHFJPY SELL: 112.035
SL: 112.552
TP1: 111.797
TP2: 111.552
GBPAUD BUY: 2.00897
SL: 1.98312
TP1: 2.01131
TP2: 2.01399
CADCHF SELL: 0.69146
SL: 0.69644
TP1: 0.68940
TP2: 0.68740
AUDCAD SELL: 0.86085
SL: 0.86901
TP1: 0.85860
TP2: 0.85621
EURCHF SELL: 1.05626
SL: 1.05981
TP1: 1.05392
TP2: 1.05174
EURAUD BUY: 1.77090
SL: 1.75441
TP1: 1.77301
TP2: 1.77522
AUDUSD SELL: 0.61417
SL: 0.62141
TP1: 0.61162
TP2: 0.60912
USDCAD BUY: 1.40524
SL: 1.39368
TP1: 1.40718
TP2: 1.40928
USDCAD BUY: 1.40657
SL: 1.39368
TP1: 1.40867
TP2: 1.41077
GBPUSD SELL: 1.22974
SL: 1.23640
TP1: 1.22741
TP2: 1.22523
EURUSD SELL: 1.08358
SL: 1.09117
TP1: 1.08134
TP2: 1.07896
GBPJPY SELL: 133.887
SL: 134.993
TP1: 133.663
TP2: 133.464
USDCHF BUY: 0.97354
SL: 0.96774
TP1: 0.97550
TP2: 0.97740
CADJPY SELL: 77.293
SL: 78.308
TP1: 77.061
TP2: 76.821
GBPCAD BUY: 1.73194
SL: 1.72212
TP1: 1.73434
TP2: 1.73661
EURGBP SELL: 0.88046
SL: 0.88706
TP1: 0.87829
TP2: 0.87628
EURJPY SELL: 117.869
SL: 119.166
TP1: 117.633
TP2: 117.373
EURCAD BUY: 1.52600
SL: 1.51890
TP1: 1.52847
TP2: 1.53110
GBPCHF SELL: 1.19597
SL: 1.20281
TP1: 1.19383
TP2: 1.19182
NZDJPY SELL: 64.476
SL: 65.811
TP1: 64.276
TP2: 64.076
AUDJPY SELL: 66.590
SL: 67.679
TP1: 66.332
TP2: 66.058
NZDUSD SELL: 0.59423
SL: 0.60049
TP1: 0.59222
TP2: 0.59007
SPECIAL PREMIMUM FOREX SIGNAL
GBPJPY SELL -133.886
SL-135.085
TP1-133.377
TP2-132.512
CADCHF SELL-0.69076
SL-0.69674
TP1-0.68613
TP2-0.68135
GOLD(XAUUSD) SELL-1644.67
SL-1675.59
TP1-1629.44
TP2-1615.15
AUDCHF SELL-0.59526
SL-0.60265
TP1-0.59215
TP2-0.58466
NZDCHF SELL-0.57755
SL-0.58557
TP1-0.57390
TP2-0.56752
EURUSD SELL-1.08441
SL-1.09184
TP1-1.08076
TP2-1.07626
USDCHF BUY -0.97289
SL-0.96675
TP1-0.97537
TP2-0.97944
GBPJPY SELL-133.819
SL-134.899
TP1-133.408
TP2-132.693
 
Last edited by a moderator:

pipstealer

Master Trader
Jan 21, 2012
102
0
47
EURUSD is looking for consolidation. Overview for 08.04.2020 FROM RFXSIGNALS
08.04.2020
On Wednesday afternoon, the major currency pair is slightly falling but investors are looking for a consolidation area.
The Euro is falling against the USD on Wednesday. The current quote for the instrument is 1.0854.
Nothing important is happening: while the fundamental background is quite smooth, market players are obviously looking for support. They have enough time for both responding and reflecting.
The statistics published yesterday showed that the Consumer Credit in the USA went from being 12.1B in January to 22.3B in February against the expected reading of 13.9B. It means that the American population was in favor of lending programs even before the coronavirus pandemic due to low interest rates and stable personal income; they knew they had the money to pay for these credits. However, in March, the situation was not so optimistic.
There won’t be a lot of interesting numbers today. The only thing in the calendar that may seem interesting is the FOMC Meeting Minutes to be published in the evening. It’s not quite clear whether the regulator is going to publish a report for all of its scheduled and unscheduled meetings at once or for one at a time.
The report may provide insight into whether all members of the regulator were in favor of rate slashing or the Fed had other options. The more “transparent” the document, the better for the USD.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS
08.04.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is no longer moving inside the rising channel. By now, the pair has formed a Hammer pattern not far from the support level. At the moment, the pair is starting to reverse. We may assume that later the price may correct towards 1.0770 and then resume the ascending tendency. At the same time, there is another scenario, which implies that the price may continue growing to reach 1.1030 without forming the correction towards 1.0770.
EURUSD
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)
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, USDJPY is still recovering after the fall. Right now, the pair is reversing after forming a Hammer pattern. Possibly, the price may reverse and grow to reach 110.10. The current situation implies that the instrument may yet resume falling towards 107.50 but this scenario is rather unlikely.
USDJPY
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, the pair continues falling. After forming a Hammer pattern close to another support level and reversing, EURGBP has formed several Doji reversal patterns not far from the channel’s upside border. We may assume that later the market may rebound from this border. In this case, the downside target may be at 0.8650. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may break the channel and continue growing with the target at 0.9000.
EURGBP
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD) FROM RFXSIGNALS
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 7381.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 7115.00 and then resume moving upwards to reach 8055.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 6405.00. In this case, the pair may continue falling towards 5835.00.
BTCUSD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.0844; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0845 and then resume moving downwards to reach 1.0625. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.0985. In this case, the pair may continue growing towards 1.1075.
EURUSD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4028; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4050 and then resume moving downwards to reach 1.3885. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4145. In this case, the pair may continue growing towards 1.4235.
USDCAD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY) RFXSIGNALS
08.04.2020
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is forming a new rising tendency as a reversal of the previous downtrend. After breaking 23.6% fibo, the first ascending impulse has stopped at 38.2% fibo at 1.2545. The short-term scenario may be described as a correction of the first impulse. After finishing the correction, the pair may start another impulse to the upside to reach 38.2%, 50.0%, and 61.8% fibo at 1.2545, 1.2892, and 1.3242 respectively. If the price breaks the low at 1.1409, the instrument may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.1365 and 1.0996 respectively.
GBPUSD_H4
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows a more detailed structure of the current correction. The target of this pullback is 38.2% fibo (1.2092).
GBPUSD_H1
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPY, “Euro vs. Japanese Yen”
As we can see in the H4 chart, after failing to break the local low at 116.13 and then falling towards 115.85, EURJPY may start a new growth or even a long-term ascending wave. The first signal of the new long-term tendency may be the price’s reaching 76.0% fibo at 121.25 and then breaking the high at 122.87. After breaking this level and forming a slight pullback, the instrument may resume growing to reach its long-term target at 38.2% fibo (124.13).
EURJPY_H4
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart a more detailed structure of the current uptrend. The pair has already reached 38.2% fibo and may continue growing towards 50.0% and 61.8% fibo at 119.50 and 120.29 respectively. The support is the low at 116.35.
EURJPY_H1
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future