EUR/USD
The pair slowed down after entering the attraction and influence zone of the monthly support level 1.1695 (monthly Fibo Kijun), although it did not reach it by only a few points. There was no strong rebound on the daily time frame, so the deceleration will likely drag on and turn into consolidation. If the bulls find the strength to implement the rebound, their nearest pivot point will be the daily Ichimoku cross, whose levels can be noted at 1.1784 - 1.1808 - 1.1831.
But if the deceleration ends in the near future and the bears manage to break through the support level of 1.1695, then the bearish interests will resume and will be directed to the level of 1.1602 (historical low).
The bulls successfully achieve some advantages in the smaller time frames, taking control of the central pivot level (1.1733), but the main advantage is still on the opponent's side. After breaking through the weekly long-term trend (1.1760), the bulls will be able to strengthen their positions. The next intraday upward targets are set at 1.1781 and 1.1808 (classic pivot levels), the presence of daily levels at these borders enhances the value of resistances. In turn, the breakdown of the central pivot level (1.1733) will again focus the bears on interacting and testing the monthly support of 1.1695.
GBP/USD
The pound could not break through the consolidation of supports in the area of 1.3851 - 1.3830-25 (weekly Tenkan + Fibo Kijun + daily Fibo Kijun). As a result, the support levels have currently retained their importance and the possible appearance of new bearish prospects. The upward pivot points are still located at 1.3910 - 1.3950 - 1.3990 (daily cloud + weekly levels + upper border of the monthly cloud).
The upward correction in the smaller time frames led to the struggle for the key level – the weekly long-term trend (1.3870). A sharp consolidation above and the reversal of the moving average will affect the balance of forces, strengthening the advantage of bullish traders, who have already secured the majority among the analyzed technical indicators.
To continue the upward movement, the resistance of the classic pivot levels will serve as intraday pivot points 1.3897 - 1.3935 - 1.3982. A change in mood and bearish activity will return the relevance to the support levels seen at 1.3812 - 1.3765 - 1.3727 (classic pivot levels).
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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.
