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 has stopped its decline in favor of a new short-term correction, while EURJPY is forming a Triangle correctional pattern.
The bearish phase in EURUSD may continue towards 1.1695; in the case of USDJPY, the uptrend is heading to reach 111.71.
After breaking 38.2% fibo, XAUUSD is heading towards 50.0% fibo; in the case of USDCHF, the mid-term uptrend continues and has already broken 38.2% fibo.
AUDUSD may fall after reaching 38.2% fibo, while USDCAD is starting a new correction to the upside.
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.
AUDUSD continues growing to reach 0.8292, while USDCAD is heading towards the fractal low after breaking 76.0% fibo.