EUR / USD
The deceleration and consolidation in the resistance area of 1.1602-14 (daily cross + historical level) still persist. The nearest support is the lower border of the weekly cloud (1.1558). The breakdown of the current interaction levels of 1.1602-14 will open the way to new resistance levels, which can now be noted at 1.1664 (historical level) and 1.1695 - 1.1707 (monthly Fibo Kijun + weekly Tenkan).
Trading has recently been observed in the attraction zone of key levels in the smaller timeframes. Today, the bears were able to regain the advantage and support of the main instruments used in the analysis. As a result, they are currently striving to strengthen their positions. The levels of 1.1543 - 1.1523 are relevant now (supports for the classic pivot levels) as the downward pivot points. Meanwhile, the key levels are joining forces around 1.1603 - 1.1597 (central pivot level + weekly long-term trend). A consolidation above will change the current balance of power in favor of the bulls.
GBP/USD
At the moment, the center of attraction is the weekly short-term trend (1.3661). It, combined with the daily cloud Ichimoku (1.3697 - 1.3621), keeps the movement from developing. For the bulls, the resistances of 1.3731-55 (weekly levels + Tenkan) are important in the development of the current situation, whose pivot points can be noted at 1.3830 (weekly medium-term trend + monthly short-term trend). As for the bears, it is important for them to break through the support zone of 1.3601-1.3571 (historical levels + daily Fibo Kijun), then bearish interests will be directed towards updating the minimum extremum (1.3411).
The weekly long-term trend helped to limit the corrective movement once again, which resulted in the development of a rebound from this resistance. The main task of the bears is to restore the downward trend (1.3605). Here, the next downward targets will be 1.3576 and 1.3544 (support for the classic pivot levels). However, the key levels in the smaller timeframes are forming a resistance zone around 1.3660 (central pivot level) 1.3686 (weekly long-term trend). So a consolidation above will change the current balance of forces and return the relevance to the upward pivot points, namely the resistances of the classic pivot levels (1.3712 - 1.3744 - 1.3796).
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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.
