EUR/USD
Higher timeframes
Bears are close to leaving the correction zone and continuing the decline. The nearest benchmark for a downward trend today can still be noted at the turn of the psychological level of 0.9000. In the case of bulls' return to the market and the development of an upward correction, the resistance of the daily death cross will be the first to enter the work on the higher timeframes. They are located today at 0.9798 (short-term trend) and 0.9871 (medium-term trend).
H4 – H1
As of writing, the first support of the classic pivot points, at 0.9551, is being tested on the lower timeframes. The breakdown and continued decline will most likely activate the remaining two supports—S2 (0.9509) and S3 (0.9449). With the correction developing, the key benchmarks in the lower timeframes today are 0.9611 (central pivot point of the day) and 0.9723 (weekly long-term trend). The breakdown and consolidation above will change the current balance of power. In this case, it would be better to re-evaluate the situation.
***
GBP/USD
Higher timeframes
Due to the long lower shadow formed the day before, bears are forced to take a break. As a result, there is still slowdown and uncertainty. In anticipation of new movements, landmarks retain their position today. For the bears, the update of the low (1.0355) and the testing of psychological support at 1.0000 are of importance. The attention of the bulls, in turn, is directed to the nearest boundaries, which will come into play with the development of a correction. These are the daily cross levels of 1.0917 (short-term trend) and 1.1128 (medium-term trend).
H4 – H1
On the lower timeframes, the pair is working in the correction zone. The main attraction and influence is now exerted by the central pivot point (1.0739). Additional intraday support today can be noted at 1.0555 and 1.0458 (classic pivot points). Resistance in the current situation are 1.0826 - 1.0923 - 1.1010 (classic pivot points) and 1.0966 (weekly long-term trend).
***
In the technical analysis of the situation, the following are used:
higher timeframes – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
