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.
GBPUSD is forming a mid-term correction, while EURJPY is about to start a new rising wave after the pullback.
EURUSD stopped growing and may soon update its low at 1.1952; in the case of USDJPY, the price is trading upwards to reach 107.15.
XAUUSD has plunged to 38.2% fibo but may yet continue falling towards 50.0% fibo; in the case of USDCHF, the mid-term uptrend continues.
Both Bitcoin and Ethereum formed very quick corrections to the downside, just as expected, and may yet continue falling much deeper.
AUDUSD continues growing to reach 0.8292, while USDCAD is heading towards the fractal low after breaking 76.0% fibo.
GBPUSD has easily broken 1.40 and continues moving upwards, while EURJPY is approaching the long-term 61.8% fibo at 128.68.
EURUSD is decisive to rise to at least 1.2254, USDJPY is pulling back upon renewing the peak.
XAUUSD is preparing a pullback after a test of the local low. A new impulse of growth in USDCHF is aimed at the high of 0.9046.