EUR/USD
Higher Timeframes
Bearish traders were more active yesterday, but the situation couldn't move far beyond the influence zone of 1.1001 – 1.0986, where several strong Ichimoku levels from various timeframes converged. The pair continues to be in a consolidation and attraction zone. The main reference points for bullish players remain the resistance of the daily Ichimoku "death cross" around 1.1055 – 1.1107, while for bearish players, it's important to overcome the supports of various timeframes at 1.0898 – 1.0866 – 1.0835 – 1.0805.
H4 – H1
The key levels of the lower timeframes 1.0968-66 (central pivot point of the day + weekly long-term trend) remain horizontal, with the pair fluctuating above or below it. Positioning and staying above this level favors bullish traders. Their targets today are 1.1002 – 1.1048 – 1.1084 (resistances of classic pivot points). A decline and consolidation below the key levels (1.0968-66) would shift the balance in favor of strengthening bearish sentiments. Attention would then turn to the passage of the supports of the key levels (1.0920 – 1.0884 – 1.0838).
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GBP/USD
Higher Timeframes
The past day brought no significant changes. Movement development is halted, and uncertainty prevails. At the moment, the pound interacts with the daily short-term trend (1.2753). For bullish traders, the resistances headed by the weekly short-term trend (1.2812) and the lower boundary of the monthly cloud (1.2893) remain crucial. For bearish traders, in the case of a decline, the support zone combining the daily cloud (1.2651 – 1.2577) and the levels of higher timeframes (1.2597 – 1.2629) may become significant.
H4 – H1
In the lower timeframes, there's a situation of returning to the key levels, currently around 1.2732-37 (central pivot point + weekly long-term trend). These thresholds determine the current balance of power; interaction and presence in the influence zone of these levels indicate market uncertainty. Active movement in any direction from these levels shows the possibility of mood enhancement. Thus, bullish sentiments today can be strengthened with a rebound from 1.2732-37 and continuing ascent through the resistances of the classic pivot points (1.2791 – 1.2838 – 1.2892). Bears would need to break through the key levels and continue the decline through the supports of the classic pivot points (1.2690 – 1.2636 – 1.2589).
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
