EUR/USD
The situation did not dramatically change for the past day. The pair continues to use support led by the daily short-term trend (1.1735). The upward movement will resume by breaking through the next resistance zone 1.1785 - 1.1804 - 1.1815 (final levels of the daily cross + weekly short-term trend). The breakdown of the Ichimoku daily dead cross and the acquisition of support for the weekly short-term can significantly strengthen the bulls' positions. However, failure to break through this and consolidate in current positions will bring the euro back to try breaking through the monthly support of 1.1695 and restore the downward trend (1.1664 minimum extremum).
The main advantage in the smaller time frames continues to be on the bullish side despite being in the correction zone and weak support of technical indicators. The key levels act as support levels set at 1.1757 (central pivot level) and 1.1725 (weekly long-term trend). If the rise continues, the intraday pivot points will be the resistances of the classic pivot levels 1.1789 - 1.1805 - 1.1837. In turn, to continue the decline, we can note the additional support for the classic pivot levels such as 1.1741 - 1.1709 - 1.1693.
It should be borne in mind that support and resistance levels in the higher time frames are in the range of the daily movement, so it is better to focus on them or on the unification of the levels of the lower and higher times.
GBP/USD
Yesterday, the bulls had an advantage, but they remain in the attraction zone of the daily levels (1.3747-40). It is only possible to rise after breaking through the resistance levels, which can be noted in the area of 1.3778-92 (daily Kijun + Senkou Span B + weekly Tenkan) and 1.3830-36 (daily and weekly Fibo Kijun). The support zone retains its location and value at 1.3690-46 (monthly short-term trend + upper border of the weekly cloud).
The bulls still currently have the main advantage in the smaller time frames. The upward targets are the resistances of the classic pivot levels 1.3785 - 1.3811 - 1.3855. At the time of the analysis, the development of a downward correction is observed. The support of the central pivot level (1.3741) is being tested. The most important level at the H1 chart is the weekly long-term trend (1.3691). A consolidation below it and a reversal of moving averages can change the current balance of power in the smaller intervals, but to obtain a more stable result, it is necessary to break through the support zone of 1.3690-46 in the higher time frames.
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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.
