Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
EURUSD is forming another correctional wave; USDJPY is testing the support area, while EURGBP is forming one more ascending impulse.
GBPUSD is still consolidating, while EURJPY is starting a new wave to the upside.
EURUSD dropped again after another attempt to rise; in the case of USDJPY, the price is slowly correcting.
The rising wave in XAUUSD has tested the mid-term 61.8% fibo at 1908.00; in the case of USDCHF, the price is moving downwards again.
Brent is falling again after divergence on MACD, while the Dow Jones index is forming a new impulse to the downside.
GBPUSD is consolidating in anticipation of a further uptrend; in the case of EURJPY, the price is about to complete the pullback and resume growing towards the high at 134.12.
EURUSD is about to complete the pullback and start a new rising impulse; in the case of USDJPY, the price has failed to break the high and may start a deep correction.
XAUUSD continues moving upwards, while USDCHF is consolidating before attacking the high at 0.9374.