EUR/USD
There has been a slowdown at the support of the lower border of the weekly cloud (1.1558). As a result, the bulls in the daily chart managed to return to the accumulation zone of levels 1.1602-14 (daily cross + historical level). The breakdown and consolidation above will allow us to restore the bullish position to the next upward borders of 1.1664 (historical level) - 1.1695 - 1.1707 (monthly Fibo Kijun + weekly Tenkan). As for the bears, their current main interest is still to break hrough the support level of 1.1558 and consolidate in the bearish zone against the weekly cloud.
There is a struggle in the smaller timeframes to break through the key levels, which have now joined forces in the area of 1.1586 - 1.1608 (central pivot level + weekly long-term trend). A consolidation above and reversal of moving averages will strengthen the bullish mood. Today, the intraday upward pivot points are the resistances of the classic pivot levels (1.1627 - 1.1649 - 1.1690). In turn, a rebound and strengthening of bearish sentiments on the hourly chart will return the relevance to the supports of the classic pivot levels (1.1564 - 1.1523 - 1.1501).
GBP/USD
The pair is currently trading in the attraction zone of the weekly short-term trend (1.3661). The next benchmark of the bears is now the support area of 1.3622 - 1.3601 - 1.3571 (the final levels of the daily cross + historical support + a target for the breakout of the H4 cloud). Meanwhile, the interests of the bulls in the current situation are still represented by the accumulation of levels 1.3731-55 (weekly levels + daily Tenkan + daily cloud).
The advantage in the smaller timeframes is on the bearish side. They develop a downward trend, reaching new lows. At the moment, the support level of 1.3637 (S1) is being tested, while the next supports for the classic pivot levels are set at 1.3614 (S2) and 1.3586 (S3). The key levels in the same timeframes are currently acting as resistances and now indicate opportunities for the development of a correction at 1.3665 (central pivot level) - 1.3732 (weekly long-term trend). The nearest resistances can be seen today at 1.3688 (R1) and 1.3716 (R2).
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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.
