EUR/USD
Higher timeframes
The gravity of the 1.0000 – 1.0014 area suspended the rise and returned the pair to its zone of influence. At the moment, the result of the interaction is important. The development of the situation depends on the duration of consolidation and the final preponderance of forces. The benchmarks for bulls retain their location at 1.0163 – 1.0309 (final levels of the weekly Ichimoku cross) and 1.0385 (monthly short–term trend), as well as at the boundaries of the upward target for the breakdown of the daily cloud (1.0285 - 1.0369). The benchmarks of the bears have also not changed today—0.9952 (the upper limit of the daily cloud) and 0.9912 – 0.9863 – 0.9808 (levels of the daily cross), with an increase in the area of 0.9868 (weekly short-term trend).
H4 – H1
On the lower timeframes, the development of a downward correction continues. After passing the central pivot point (1.0031), attention is directed to the support of the weekly long-term trend (0.9948). Further, the support of the classical pivot points (0.9936 – 0.9878) may come into play. If the bulls decide to complete the correction and begin to restore their positions, then the resistance of the classic pivot points, which today are at 1.0068 – 1.0126 – 1.0163, will be important.
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GBP/USD
Higher timeframes
Instead of confirming the breakdown of the encountered resistance zone 1.1411 - 1.1511, the pair returned under it. As a result, upward targets, and the nearest of them are located within the limits of monthly and weekly resistances (1.1781 - 1.1842 - 1.1895), are still losing their relevance. At the same time, the probability of developing bearish sentiment is increasing, but there are many supports on the way for bears—the main ones are 1.1324 - 1.1238 - 1.1046 (daily and weekly levels).
H4 – H1
Uncertainty prevails on the lower timeframes. The pair is working in the zone of attraction of key levels, which have united their efforts today in the area of 1.1417 - 1.1382 (weekly long-term trend + central pivot point of the day). The upward benchmarks in the current situation can now be noted at 1.1502 – 1.1650 – 1.1735 (resistance of classical pivot points). At the same time, the downward benchmarks are at 1.1269 - 1.1184 - 1.1036 (support for the classic pivot points).
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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)