EUR/USD
Higher timeframes
Testing the weekly short-term trend (0.9868) did not bring the bulls the result. They were forced to retreat and return to daily supports 0.9794 - 0.9754 - 0.9733. Perhaps, after a short pause, bulls will make another attempt to pass 0.9868. If the initiative in the development of the situation remains with the bears, then the break of the lows 0.9632 - 0.9536 will be important.
H4 – H1
In the lower timeframes, bears fell below the key levels 0.9790 - 0.9800 (central pivot point + weekly long-term trend). There is an opportunity for the development of bearish sentiment. The benchmarks for the intraday decline are 0.9729 – 0.9685 – 0.9614 (classic pivot points). The return of key levels to the side of the bulls (0.9790 - 0.9800) will allow us to consider further recovery of positions 0.9844 - 0.9915 - 0.9959 (classic pivot points).
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GBP/USD
Higher timeframes
Recently, the pound has been working in the zone of attraction and influence at 1.1411 - 1.1304 - 1.1127 (various levels of higher timeframes). Going beyond it will allow the situation to develop. For bulls, the next benchmark will be the weekly medium-term trend (1.1600). With bearish sentiment, the attention of downside players will be directed to the liquidation of the current daily cross (1.0951 – 1.0810).
H4 – H1
In the lower timeframes, the situation has now shifted to the key levels of 1.1252–80 (central pivot point + weekly long-term trend). The benchmarks for further decline are the support of classic pivot points (1.1146 – 1.1078 – 1.0972 ). If the key levels again switch to the side of the bulls, then their interest within the day will shift to the resistances of the classic pivot points (1.1320 – 1.1426 – 1.1494 ).
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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)