EUR/USD
On the last day of the week, bulls won back everything that they had been systematically losing all the previous days of the week. As a result, the bulls returned to the opening point of the week, and a long-legged Doji appeared on the chart. Perhaps all this will lead to the end of the decline process, a reliable exit from the daily cloud to the bullish zone, with a new bullish target, as well as testing the resistances of 1.0000 - 1.1014, followed by a rise to the weekly medium-term trend (1.0163). The levels of the daily Ichimoku cross (0.9912 - 0.9863 - 0.9808) are now serving as support, reinforced by the weekly short-term trend (0.9868).
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GBP/USD
During the main part of the week, bears realized the decline, due to which they descended into the daily cloud, tested the daily cross and weekly support at 1.1238. However, on Friday, the opponent managed to stop the decline and entered the bullish zone of the relative daily cloud to close the week, thanks to which the pair returned to the resistance area of 1.1411 (historical level) and 1.1511 (weekly medium-term trend). Overcoming 1.1411 – 1.1511 and a reliable settlement above will open the way to a cluster of resistances, which are now consolidating their efforts in the area of 1.1781 – 1.1895 (monthly levels + the final level of the weekly Ichimoku cross). The main area of support in the current situation is still the daily cloud and weekly levels of 1.1238 and 1.1046.
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In the technical analysis of the situation, the following are used:
Higher time frames – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
