EUR/USD
The situation did not go through any significant changes and development again. The pair cannot break through the daily level (1.1758). The nearest resistance zone is still forming around the weekly short-term trend (1.1804). The first support is the daily Tenkan, which is currently set at 1.1724. Next, we have a stronger and significant support zone 1.1695-64 (monthly Fibo Kijun + minimum extremum).
The consolidation in the higher time frames contributes to the development of uncertainty in the smaller ones. Nevertheless, the main advantage continues to be on the bullish side, as the euro is above the key levels on the hourly time frame. These key levels act as supports, at 1.1759 (central pivot level) and 1.1740 (weekly long-term trend). A consolidation below them will affect the current balance of power, possibly resulting in further strengthening of bearish mood. As additional intraday pivot points, the classic pivot levels of 1.1726 - 1.1705 (support) and 1.1792 - 1.1804 (resistance) can be noted.
GBP/USD
The accumulation of levels, their attraction, and influence do not allow the pair to develop directional movement. Yesterday, the bulls failed to further rise and handed the initiative to their opponents. To continue the bearish activity, it is important to break through the following levels 1.3690 (monthly Tenkan) - 1.3646 (weekly Senkou Span A) - 1.3601 - 1.3571 (minimum extremes). Today's center of gravity is still the unification of daily levels 1.3747-23 (Tenkan + Fibo Kijun). The nearest significant resistance can be noted at the borders of 1.3778-92 (daily Kijun + Senkou Span B + weekly Tenkan) and 1.3830-36 (daily and weekly Fibo Kijun).
The current struggle in the smaller time frames is to possess the key levels, which are joining forces around 1.3702-18 (central pivot level + weekly long-term trend). A consolidation above the levels will recover the bullish positions. The intraday pivot points are located at 1.3746 - 1.3796 - 1.3824 (classic pivot levels).
On the contrary, a consolidation below the levels will strengthen the bearish moods. It is possible to continue the decline at the H1 chart by breaking through the support levels of 1.3668 - 1.3640 - 1.3590 (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.
