EUR/USD
Higher time frames
Yesterday, the bulls pushed the pair to the weekly high but failed to go further up. The pair is still trading above the monthly high of 1.0611. Today is the final day of the trading week. Therefore, we are curious to know where the price closes. Resistance is now seen at the lower limit of the weekly cloud (1.0781). Support is currently standing at 1.0611 (monthly high) and 1.0590 (daily short-term trend) as well as at 1.0517 and 1.0450 (daily Ichimoku cross).
H4 – H1
Weekly long-term support helped to maintain bullish sentiment. The pair is now trading near the central Pivot point (1.0652). Intraday resistance is seen at 1.0736, 1.0795, and 1.0854. Support is still standing at 1.0598 (weekly long-term trend). Bearish sentiment may increase if the pair consolidates below it, and the moving average reverses. If the quote goes down in the lower time frames, support is seen at 1.0568, 1.0509, and 1.0425 (classic Pivot levels).
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GBP/USD
Higher time frames
The pair plunged yesterday. If the price goes further south, bearish sentiment may surge in the near term. Support is now standing at 1.2140, 1.2046, and 1.1952 (daily Ichimoku golden cross). New price targets will appear once the quote breaks through the daily cross.
H4 – H1
In lower time frames, the pair went below the key levels of 1.2252 (central Pivot) and 1.2300 (long-term weekly trend), transforming them into resistance. Should bearish sentiment rise, support will stand at 1.2077, 1.1981, and 1.1806 (classic Pivot support). If the bulls manage to consolidate above 1.2252 and 1.2300, they may push the price to 1.2348, 1.2523, and 1.2619 (classic Pivot resistance).
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Technical analysis indicators:
Higher time frames: Ichimoku Kinko Hyo (9.26.52) and Fibo Kijun
H1: Pivot Points (classic) + Moving Average with Period 120 (weekly long-term trend)
