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 falling again and the next downside target may be the psychologically-crucial area at 1.20; in the case of USDJPY, the price is trying to reach 23.6% fibo at 104.74.
The current short-term correctional uptrend in XAUUSD may transform into a proper rising wave; in the case of USDCHF, the price is finishing the local pullback and may start a new growth towards 76.0% fibo at 0.9012.
Bearish pressure made both Bitcoin and Ethereum form their respective correctional channels.
AUDUSD is growing after completing another pullback, while USDCAD keeps updating its lows.
GBPUSD is approaching the highs after finishing a short-term pullback; in the case of EURJPY, the price has completed a correction after a divergence on MACD and is about to resume growing.
EURUSD is starting a new pullback but may form another descending wave soon, while USDJPY is trying to forming one more wave to the upside to reach 23.6% fibo at 104.74.
XAUUSD may start a short-term correctional uptrend after a convergence, while USDCHF has reached 50.0% fibo.
Both Bitcoin and Ethereum are forming new waves to the upside but the bearish pressure remains pretty strong.