EUR/USD
Higher timeframes
The previously marked slowdown in the area of the fulfilled weekly target (1.0806) is being developed by the bulls into a new corrective rise. Yesterday, the daily short-term trend (1.0846) was passed. Further reference points for the continuation of the restoration of positions can be noted at 1.0921 – 1.0972 – 1.1022. The consolidation above will eliminate the daily death cross of the Ichimoku cloud.
H4 - H1
In the lower halves, the bulls have taken over the weekly long-term trend and developed an upward trend. The first classic pivot point resistance of the current day (1.0885) has been passed, the next two are now upward reference points within the day (1.0918 – 1.0968). The passed key levels today have combined into a support zone to defend bullish interests in the area of 1.0813–35. Securing below again can change the current balance of power in the lower halves. Classic pivot point support is currently noted at 1.0802 – 1.0752 – 1.0719.
***
GBP/USD
Higher timeframes
The strength and influence of the monthly support again provoke the pound to the possible formation of an upward correction. Even a Chinkou divergence was formed as support. At the moment, the pair is in the zone of attraction of the daily short-term trend (1.3059). Further development of the correction and the emergence of new targets in this section of the path depends on the elimination of the death cross in the Ichimoku cloud (1.3059 – 1.3097 – 1.3135 – 1.3173), which has an increase from the monthly resistance in the area of 1.3164.
H4 - H1
On the lower halves, bullish players consolidated above key levels 1.3042–41 (weekly long-term trend + central pivot point). Maintaining positions will allow further strengthening of bullish sentiment. Upward targets within the day can be noted at 1.3092 – 1.3121 – 1.3171 (classic pivot points resistance). The loss of key levels (1.3042–41) will bring bears back to the market. Classic pivot points support are currently located at 1.3013 – 1.2963 – 1.2934.
***
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)