EUR/USD
Higher timeframes
Yesterday, bears won back almost all of the opponent's previous achievements. Testing the daily cloud ended with a rebound, the pair returned to the area under the resistance of 1.0000-1.0014 (psychological level + weekly Fibo Kijun). Today we close the week, the result is important. Additional support in the current situation forms the levels of the daily Ichimoku cross (0.9900 - 0.9815 - 0.9749), reinforced by the weekly short-term trend (0.9867).
H4 - H1
The development of a corrective decline continues at lower time intervals. Bears are looking to test a key level, the weekly long-term support (0.9937). Consolidation below this line, as well as a reversal of the moving average, will support a change in priorities and advantages in favor of strengthening bearish sentiment. Among further downward references intraday we can take note of the support of the classic Pivot levels (0.9917 - 0.9869 - 0.9781). If a rebound is formed from the weekly long-term trend and bullish players begin to restore positions, then their interests will be directed to overcome resistance - 1.0005 - 1.0053 - 1.0141 - 1.0189 (classic Pivot levels).
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GBP/USD
Higher timeframes
On the way to combine the efforts of such important and strong resistance levels as the final level of the weekly dead cross Ichimoku (1.1788) and the monthly Fibo Kijun (1.1842), the pair tested the resistance of the daily cloud. As a result, there has been a deceleration. It is possible that the bulls will not only take a break, but will also pass the initiative to the opponent. In this case, the attention and strength of the bearish players will be directed to the previously passed levels, which now act as supports (1.1511 - 1.1411 - 1.1352 - 1.1238 - 1.1152 - 1.1058 - 1.0000 – 1.0847).
H4 - H1
In the lower halves, the pair is in the correction zone. The most significant bearish target here is the support of the weekly long-term trend (1.1435). Overcoming the level will deprive the bulls of their main advantage and will contribute to the strengthening of bearish sentiment. If in the near future, activity and the one who is in the lead changes, then bulls can take note of the following reference points - 1.1583 - 1.1619 - 1.1679 - 1.1715 (classic Pivot levels).
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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)
