EUR/USD
The past day was not distinguished by activity and effectiveness. Nevertheless, the lows are updated and bearish dominance persists. Today we close the week, and the result is interesting. The main task of the bears is to go beyond March (1.0806) and gain a foothold below. Further, the interests will be directed to the fulfillment of the monthly target for the breakdown of the cloud (1.0721 – 1.0539). The nearest resistance levels are still at the boundaries of the passed daily Ichimoku cloud (1.0951 – 1.0996 – 1.1017 – 1.1040).
In the lower timeframes, bears retain the advantage. Now they are testing the first support for classic pivot points (1.0850). Further, 1.0821 (S2) and 1.0776 (S3) may be useful for a decline. The key levels today form the reference points for bulls, in case they want to develop a corrective rise. They are located at 1.0895 (central pivot point) and 1.0947 (weekly long-term trend). Consolidation above can change the current balance of power.
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GBP/USD
Yesterday was not conducive to the manifestation of certainty and the development of the situation. The pair remained in the same framework. For bears, reference points in the form of the minimum extremum (1.3000) and monthly supports at 1.2950 and 1.2830 are still important. If bulls start restoring their positions, then the levels of the daily Ichimoku cloud (1.3104 – 1.3134 – 1.3175 – 1.3217) will provide resistance, while the monthly Fibo Kijun (1.3164) will serve as a support.
The advantage on the lower timeframes continues to be on the side of the bears. At the same time, the pair has been in the zone of attraction of key levels for quite a long time. Today, the key levels are combined into the nearest resistance zone with the boundaries of 1.3076 (central pivot point) and 1.3092 (weekly long-term trend). Classic pivot points serve as reference points for movement within the day. Their resistances at the moment can be noted at 1.3101 – 1.3131 – 1.3156, and not tested additional supports can be noted at 1.3021 and 1.2991.
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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)