EUR/USD
The bears continue to decline after decelerating at the support level of 1.1695 (monthly Fibo Kijun). The result of interaction with this level can affect future prospects. The next downward pivot point may be the historical level (1.1602 minimum extreme), and then the pair will tend to support the weekly and monthly clouds (1.1532 - 1.1487 - 1.1447).
In turn, the formation of a rebound from the encountered support of the monthly level (1.1695) will return the euro to the resistance of the daily Ichimoku cross (1.1736 Tenkan + 1.1787 Kijun) and then will require the breakdown of the daily dead cross and consolidation above the weekly short-term (1.1822).
The key levels in the smaller time frames, which currently act as resistances, managed to stop and complete the upward correction yesterday. So, the downward trend has been restored and the main advantage is on the bearish side again. Today, the pivot point of the second classic pivot level (1.1666) has already been tested, then the third level (1.1638) is located. The key levels in the same time frame are still acting as resistances, being located at the borders of 1.1715 (central pivot level) and 1.1744 (weekly long-term trend).
GBP/USD
Yesterday, a deceleration was observed after encountering the support level of 1.3728 (the final line of the day's cross). Today, this level has already been turned into the nearest resistance, as the bearish players managed to continue their decline. The pair is currently testing the monthly short-term trend (1.3690). A breakdown and a reliable consolidation below which will switch the attention and aspirations of the bears to the minimum extreme (1.3571).
The possible intraday downward targets, which are the support of the classic pivot levels, have been worked out by now. The latest support 1.3664 (S3) is currently being tested. If decelerating and rebounding from the met level does not happen, then with the continuation of the decline, large levels such as 1.3650 and 1.3600 can be noted as supports and pivot points on the way to the next level (1.3571) of the higher time frames. The key levels in the lower period responsible for the distribution of forces are now set at 1.3754 (central pivot level) and 1.3797 (the weekly long-term trend).
***
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.
