EUR/USD
Nothing interesting happened for the last 24 hours that would allow us to re-evaluate the situation. In this case, conclusions and expectations remain unchanged. The pair continues to be in the influence zone of the resistances set at 1.1950-75 (lower border of the daily cloud + weekly Fibo Kijun + monthly short-term trend). A consolidation above these levels will make us hope that the next resistances (1.2027 - 1.2057 - 1.2103) will be tested.
On the contrary, a breakdown from resistances and a breakdown of support levels in the area of 1.1866-47 (weekly cloud border + minimum extremum) will create an opportunity to consider further bearish prospects.
The uncertainty state in the smaller time frames is also confirmed. The euro continues to be in the attraction zone of key levels that are in a horizontal position and combine their efforts at 1.1924-31 (central pivot level + weekly long-term trend). With the development of the current movement, the classic pivot levels 1.1945 - 1.1967 - 1.1888 (resistance) and 1.1902 - 1.1881 - 1.1859 (support) can have an intraday value today.
GBP/USD
Yesterday, the bulls tried to recover their positions and return to the attraction zone of important resistance levels of 1.3958-42 (daily Tenkan + lower border of the daily cloud + weekly Fibo Kijun + upper border of the monthly Ichimoku cloud) but they did not succeed. Now, the pair is approaching the support level of 1.3850. Its breakdown will open up opportunities to further decline to the area of the next supports of 1.3786-54 (minimum extremum + the final line of the weekly gold cross of Ichimoku).
Yesterday's attempt of the bulls in the smaller time frames to break through the resistance of the weekly long-term trend was unsuccessful. As a result, the bears were in favor. The breakdown of the support level of 1.3852 (S1), which has strengthened from the bigger time frames, will most likely lead to testing other supports of the classic pivot levels of 1.3827 (S2) and 1.3783 (S3). Thus, this will allow the pound to decline to an important level marked at 1.3786-54 (minimum extreme + the final border of the weekly Ichimoku golden cross).
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Ichimoku Kinko Hyo (9.26.52) and Kijun-sen levels in the higher time frames, as well as classic Pivot Points and Moving Average (120) on the H1 chart, are used in the technical analysis of the trading instruments.
